This weeks scheduled Fed meeting comes at an interesting time for the markets. A continued shaking of the world trading cage may have to take place to get the Fed's attention. Handling the psychology of falling markets usually entails the Fed circling bank and big brokerage wagons around a central theme of liquidity for all. Defending the buy and hold crowd from the misfortunes of an environment created by large owners of debt will create some opportunities. Of course those opportunites will be for the meeting participants. Market tranquility, it is reasoned, will benefit everyone.
Comparisons to LTCM really do not matter much as the markets seek to regain a footing, though reviewing LTCM and the deals that were cut is interesting.
Last Sunday's post seems appropriate to start the trading week as it did last week.
