Market Gems-Trading Strong Earnings Growth and Momentum Message Board

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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum

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To: Lane Hall-Witt who wrote (4247)	2/9/2001 1:15:26 PM
From: golfnut777	of 6445

Lane, thanks for your comments as they make a lot of sense. Clearly the FED blew it first by injecting too much money into the system to prepare for the Y2K phantom disaster, the last 50 basis hike to fight phantom inflation and waiting too long to start easing. I think they knew in the December meeting that a rate cut was needed but didn't want to look foolish going straight from a tightening bias to cutting rates with nothing in between. No doubt there are more layoffs that the general public is not even aware of yet. Hopefully, 2500 will provide some support on a closing basis. Otherwise, I'm told there isn't much in terms of support down to 2300.

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