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I won't say the thought does not cross my mind, however I'm not terribly
worried and I do take protective measures based on the exchange handling of
electronic stop orders outlined by John Lothian i.e. I use stop limit orders
hosted on exchange servers rather than stop orders hosted on broker servers.
I am of the opinion that the Fed has now realized that its cannon has been
spiked and is now conserving its musket balls. When you think about it, the
entire Fed program is based on getting the consumer to consume more of what
he can no longer afford because he is up to his eyeballs in lease payments,
house payments and credit card payments and getting the lenders to lend more
at cheaper rates to a consumer who can't afford it. I think it's called
pushing on a string.
Earl
----- Original Message -----
From: "Howard Hopkins" <hehohop@xxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, August 01, 2001 1:23 PM
Subject: Re: [RT] S & P
> It seems to me that 'they' are bidding the market up in mornings on all
this
> bad economic news... maybe hoping for the fed to step in with a surprise
> rate cut. By noon or one they give up.
>
> Is anyone else besides me a little nervous about shorting this market due
to
> possible fed intervention?
>
> Just a thought,
> Howard
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