Comments on: A “fool in the shower”? http://www.dinocrat.com/archives/2008/01/22/a-fool-in-the-shower/ Thu, 09 Feb 2012 11:49:05 +0000 hourly 1 http://wordpress.org/?v=3.1.3 By: Canucklehead http://www.dinocrat.com/archives/2008/01/22/a-fool-in-the-shower/#comment-302335 Canucklehead Tue, 22 Jan 2008 18:57:58 +0000 http://www.dinocrat.com/archives/2008/01/22/a-fool-in-the-shower/#comment-302335 I suspect the "Plunge Protection Team" worked well because no one really knew they were there... The market participants did not know there was a line that once crossed, triggered Government involvement in the financial market. Things have changed. Everyone expects to be able to cross the line and have the Government step in and "fix things". Beware of what you ask. Is there any instance of when Government steps in and "fixes things" that "things" go back to "normal"? What would the New "Normal" be once that happens? How can you play that "New Normal"? I have faith in Ben Bernanke. What does the depth chart look like for that position? I suspect the “Plunge Protection Team” worked well because no one really knew they were there… The market participants did not know there was a line that once crossed, triggered Government involvement in the financial market.

Things have changed. Everyone expects to be able to cross the line and have the Government step in and “fix things”.

Beware of what you ask. Is there any instance of when Government steps in and “fixes things” that “things” go back to “normal”? What would the New “Normal” be once that happens? How can you play that “New Normal”?

I have faith in Ben Bernanke. What does the depth chart look like for that position?

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