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In 1987 that wasn't the fed. It was Blair Hull of Hull trading. Even
though there are always rumors about Fed action in equities that would be an
illegal act. Section 20 banks. It has been more liberalized, but the Fed.
could not be in on the equity side.
-----Original Message-----
From: Mike Brett [mailto:mbrett@xxxxxxxxx]
Sent: Thursday, October 11, 2001 10:42 AM
To: realtraders@xxxxxxxxxxxxxxx
Subject: Re: [RT] General - pension fund buy programs
Ira,
Yes, well we all heard the rumors about the Fed intervening in the MMI pit
back in '87. This article was the first time I saw anything in print from a
journalist with a good rep. To me it is an interesting peek into the way
things work perhaps.
I am not concerned about the things you mention below because like you, I
trade the charts without a bias. I learned a long time ago that I will be
the very last to hear the news.
Mike
----- Original Message -----
From: Ira Tunik <mailto:irat@xxxxxxxxx>
To: realtraders@xxxxxxxxxxxxxxx <mailto:realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, October 11, 2001 10:20 AM
Subject: Re: [RT] General - pension fund buy programs
You will only be broke if you are long and and continue to stay that way or
you haven't been smart enough to get out of stocks. I don't know, first we
reward greed and then we try to save stupidity.
Mike Brett wrote:
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