ratan-re: Abby, GS + market...
She must be fully invested and hurting. Probably clients calling and bitching.
So out she comes witha statemetn hoping to move the markets. Well if GS doesnt co-operate she will get screwed as the market dives. But if GS cooperates then she will come out smelling like a rose-bush.
Is the tide on her side? Let's review a few points below:
1) Interest rates:
...the Fed's easing mode,
...the FOMC will likely cut rates by .5% on 1/31/01 according John M. Berry, one of the most respected Fed watchers.
Message 15258465
2) Other pundits & technicians:
...have joined Abby,
...more notably Elaine Garzarelli, Lawrence McMillan, Ed Yardeni, Jeff Applegate, S&P's chief technical analyst, + ...
Message 15256375 ...Elaine Garzarelli
Message 15250647 ...Lawrence McMillan
Message 15241402 ...Ed Yardeni, Jeff Applegate
Message 15227393 ...S&P's chief technical analyst
Message 15213199 ...John Burnham
Message 15242200 ...misc. views
3) Upcoming tax cuts.
+...
Frankly, I've relied mostly on my own analyses & research. But can't ignore the obvious: the Fed's & global easings, pundits' concerted views, and media coverage.
Good luck.
di |
