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Alliancebernstein Income Fund Message Board

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  • dreedva dreedva Jun 12, 2004 2:19 PM Flag

    another board


    I appreciate your comments and your defense of the FED. I acknowledge the flippant, even the superficial accusations. I sorta laugh at the over-blown ego thing, but what the heck.

    Yes, I actually do understand the importance of the Fed's comments and reports. And the impact they have on the markets.

    That said:

    The point I was trying to make is that any thinking man/woman who just steps back a little at looks at the complex world and those who are trying to manipulate it�some quite successfully�cannot help but laugh. Geez!

    Years ago Horace Wallpole said:

    The world's a comedy to those who think,
    A tragedy to those who feel.

    It�s fun to listen to the Fed. They use words that can�t offend the congress and that please the administration.

    If the Fed members aren�t laughing a little when they�re staffing their releases to the public and to Congress, I find that disheartening. Finding the right words that say almost nothing, but have coded messages for those so seeking has to be a blast. If they aren�t having fun with that, they don�t know how to have fun. I�m not saying their words aren�t important�look at �irrational exhuberance��just that their decisions and actions shape market events only in the very short term. Batting a lifetime .333 will get you in the HOF if you�re a baseball player. Batting .333 at the Fed leads to bubbles and recessions. And, I contend they�re not doing much better than that.

    But, yes I know, we can profit from their words!

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    • dreedva--Thanks for taking time to reply. The last Fed. scare with the big jobs report was an over-blown reaction of debt. If you can read these things my friend this is where you make money. Only out of chaos does opportunity arise.

      If sister if one has the insight to play it through in their mind and courage to place money on this bet does one win. Rothchild said to buy when others are selling, and reverse. BUT TO BUY when there is blood in the street, to time correctly, and to be right is the essence to be the best.

      I am not there yet though how green is my valley. I love the challenge with passion. I have learned alot by making use of my mistakes. I have learned to listen to the market as it quietly whispers in my ear. When I do something wrong I may get a pain in my back. Never lead the market let it lead you.

      The market is a sifting and weighing mechanism and in the end it will show rational exhuberance.---------MO

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