Posted by:
Conserving_herps
at Thu Oct 13 22:22:37 2005 [ Email Message ] [ Show All Posts by Conserving_herps ]
" don't think a panel would ever be assembled. Just like I'm not sure if the market will correct itself without intervention, only time will tell. What you neglected to mention about Wall Street and stock markets is that intervention does happen (ie. Greenspan yawns)."
Believe me, Greenspan is one step behind usually. Just ask all the traders on Wall Street and most of them (including myself as I myself is a trader on Wall Street), that even before Greenspan raises rates or lowers rates, the markets ALREADY reacted. This is what we call "priced in".... so, most of the time, if not all the time, the market corrects itself. The markets constantly anticipates the Fed moves.... and I believe that when it comes to law of supply and demand on the hondos, the market will correct itself.
Hope that helps some concerns of others.
Thanks,
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RAY 
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