08-18-2007, 09:31 PM
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#9 |
Join Date: Jan 2007 Thanks: 13
Thanked 174 Times in 91 Posts
| Re: Central Banks Interference...
The Fed has only two mandates:
1. Control the money supply. (increases in money supply can result in increases in prices-inflation is however defined as an increase in the supply of money)
2. Unemployment
The Fed's job is not to rigg the stock market.
If there is a buyer for every seller, than that means somebody (ies) has been doing very well as the market goes down. Why should their gain be targeted because Ma & Pa are dumb enough to only purchase long only mutual funds? |
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