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Strategies & Market Trends : Ask DrBob

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To: longdong_63 who wrote (33258)5/10/2001 11:01:02 PM
From: p40warhawk  Read Replies (1) of 100058
 
RE FOMC

I will venture a contrarian view on the upcomig FOMC action. Looks like a win-win situation to me. If they lower 25 bps on don't lower at all, they will probably say it is because of signs that the economy is improving. The market will react very positively to that.

If they lower 50 bps and don't indulge in too much negative rhetoric about the economy, the market will react positively to that.

If we ARE in the turnaround, as I think maybe we are, that will be the overriding factor, not the Fed. THIS TIME ONLY.
Best,
p40warhawk
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