Fed wonders - where's the rebound

[Seth Ackerman]

	Brad DeLong wrote:

> But... but... they don't *want* a higher stock market, and they don't 
> *want* people believing in a Greenspan put... 
.
Well, maybe not usually. But isn't this exactly what they've been targeting
for the past six months? Given the choice between the risk of creating a
Greenspan put and the risk of watching the U.S. economy meltdown, along with
much of the world, I think they're betting on the Greenspan put.

Unless you think an economic meltdown is so totally out of the question that
the Fed isn't even thinking about it....

Seth