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Steven,
Let me see if I have this correct. Japan, China, Hong Kong, etc., all
of these "governments" actively intervene in their stock markets, but
the United States under Clinton, Rubin, & Greenspan don't.... whew!
That is a stretch.
The United States already intervenes overtly via interest rates &
increasing the money supply and forces taxpayers to contribute to the
corporate welfare schemes around the world (the IMF bailouts), and now
you don't think this government has a vested interest in attempting to
keep this market from tanking?
Clinton's political skin is on the edge of a cliff and Greenspan (money
creator) and Rubin (Wall Street Rubin), both interventionists, work for
him.... hmmmm.... what did the Roman used to say, "Qui Bono?".... Who
benefits?
With all due respect, Steven, the "Art of War" by Sun Tzu would suggest
that one not exclude anything simply because they can not see it.
----
Regards,
DS
steven poser wrote:
>
> TQuinn211@xxxxxxx wrote:
> Ah, that bastion of the financial press, the National Enquirer, er New
> York Post. If you believe that, I've got a bridge to sell you...It would have to show up on the balance sheet some place.
>
> This makes no sense. If the Fed was that worried about the markets
> (which I think they should be) they would have at least cut the discount rate on 29-Feb. Interventions do not work unless they are done big time.
> Witness the sad history of central bank intervention in the forex
> market. All it does is clobber the shorts and give those who were not
> short an opportunity to short at a better level. If the Fed wants to
> prop up the market, all they need to do is say that they are looking
> into LEGAL ways of buying stocks. That'd scare the heck out of anybody
> shorting the market.
>
> Caroline Baum just wrote a great piece for Bloomberg News talking about similarly idiotic conspiracy theories that always crop up in the forex market and bond pits, the latest of which called for a rate cut over the weekend following an emergency meeting last week of the Fed.
>
> Watch out for the little green men. If they start buying spooz,
> Andromeda's the limit!
>
> Steve
>
> >
> > Earl,
> >
> > Here is a site from a newspaper article that agrees with you.
> >
> > All the best
> >
> > Terry Quinn
> >
> > http://nypostonline.com/business/5459.htm
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