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RE: [RT] Re: Fed supporting market



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Just read your message Dan after sending mine :)

Adrian

> -----Original Message-----
> From: Dan Goncharoff [mailto:TheGonch@xxxxxxxxxxx] 
> Sent: Wednesday, 19 November 2003 2:18 AM
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: Re: [RT] Re: Fed supporting market
> 
> 
> Providing liquidity to the markets is not the same as buying futures, 
> which is the charge leveled in the original message.
> 
> Regards
> DanG
> 
> Ira wrote:
> 
> > The fact is it did happen in 1987.  The fed told the banks to give
> > unlimited credit.
> >
> >     ----- Original Message -----
> >     *From:* Dan Goncharoff <mailto:TheGonch@xxxxxxxxxxx>
> >     *To:* realtraders@xxxxxxxxxxxxxxx
> >     <mailto:realtraders@xxxxxxxxxxxxxxx>
> >     *Sent:* Tuesday, November 18, 2003 5:21 AM
> >     *Subject:* Re: [RT] Re: Fed supporting market
> >
> >     Have you ever seen it claimed in a respected source? If so, I
> >     would be interested in the reference, because I have long sought
> >     such a mention in the established press, without success. AFAIK,
> >     it is just foolish gossip.
> >
> >     Regards
> >     DanG
> >
> >     BobsKC wrote:
> >
> >>It is commonly accepted knowledge in the business world and while I 
> >>most
> >>certainly have not personally observed the practice, I have 
> no recall of 
> >>the White House ever denying it, either.  If the market 
> tanks, so does 
> >>Bush.  Do you not believe that he has the means to prevent this?
> >>
> >>Bob
> >>
> >>
> >>At 02:57 PM 11/17/2003 -0800, you wrote:
> >>  
> >>
> >>>This is a strong statement, variations of which I've heard 
> many times 
> >>>with no factual support. Is there any support here?
> >>>
> >>>regards,
> >>>
> >>>tbr
> >>>  > the Fed has shown in the past how it can hold up
> >>>markets via futures purchases
> >>>
> >>>
> >>>
> >>>
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> >>
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> >> 
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> >>
> >>
> >>  
> >>
> >
> >
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