>In a message dated 8/13/02 5:58:09 PM Eastern Daylight Time,
>dhenwood at panix.com writes:
>
>>It wouldn't surprise me if they're setting us up for a surprise -
>>just when people give up on a rate cut, they spring on on us. Maybe
>>before the meeting, if the August employment report is ugly.
>>
>
>Yeah - but, first they'd pretend it wasn't ugly enough and then
>they'd cut rates after more hope was lost. I've often thought
>Greenspan was long the market leading up to his announcements - no
>specific companies, just some untraceable composite instrument like
>S&P futures.
It would be a great final final final act of the bubble era, to see AG revealed as an inside trader. It would lead to a legitimation crisis of thermonuclear degree. One can only hope....
Doug