VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Jim Willie CB who wrote (33985)	3/19/2001 12:39:40 PM
From: stockman_scott	of 65232

<<12:00PM Each of the major indices trade in the red now as the Dow has sold off precipitously in the last half hour. As expected, volume is particularly light today as many investors sit the day out ahead of tomorrow's decision on interest rates. Briefing.com is anticipating a 50 basis point cut and this is what the market has priced in as well. It's worth noting however, that as the markets quietly await a half point cut, the Fed has reacquired potential surprise impact from a 75 basis point cut. The Fed has never cut rates by three quarters of a point, but a 75 basis point increase has been effectuated once before...>> Best Regards, Scott BTW, we'll see if Greenspeak has the courage to do what's right for the country tomorrow...It's time to set some new precedents....A .75 bp cut would be historic but viewed quite positively, IMO. Within the next few months he would still have to cut beyond that in order to jump-start our economy and get 'the Super-tanker' moving again...=)

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