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Went into the pit and bought with both hands. It's all chronicled in "THE
NEW MARKET WIZARDS"
You remember Blair from your years on the floor. His firm was the first to
put machines into the crowds.
He sold his firm to Goldman a couple of years back for the better part of a
Billion dollars. No big deal.
-----Original Message-----
From: Norman Winski [mailto:nwinski@xxxxxxxxxxxxxxx]
Sent: Thursday, October 11, 2001 1:40 PM
To: realtraders@xxxxxxxxxxxxxxx
Subject: Re: [RT] General - pension fund buy programs
Alex,
Please tell us what Blair Hull did in MMI in Oct. '87.
Thanks,
Norman
----- Original Message -----
From: "Jacobson, Alex" <AJacobson@xxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, October 11, 2001 11:16 AM
Subject: RE: [RT] General - pension fund buy programs
> 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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>
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