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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: lee kramer who wrote (102922)6/19/2000 3:10:00 PM
From: Lane Hall-Witt  Read Replies (1) of 120523
 
Lee: <G> Sounds like the kind of day I've had all too often these past few months. I really can't believe this rally today. Why on earth are people so complacent ahead of the Fed? Everyone thinks we're clear of the Fed, but I just don't see it. The market is completely missing the message of all those Fed governors who have come out recently to say: "Hey, guys, we're not done here." If a Fed governor says the Fed is going to continue raising interest rates, and no one is there to hear it. . . ?

I also can't see Greenspan standing aside and letting the Nasdaq zoom right back to all-time highs--.

Well, back to trading: too much going on to worry about the irrationality of the market and the future of Fed policy.
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