To richard dean bagnell, Hey welcome to this thread. We've actually been discussing that with some very good posts from kollmh, telemarker and others. There aren't many posts, take a look and see if you want to give us an idea what you think. My bottom line is that it may bounce but I can't see any reason for it not to drop further before ther's a bottom.
Did anyone but me miss this: IMPORTANT FED INFO:
Notice of Meeting under Expedited Procedures
On Tuesday, February 20, 2001, at 11:00 a.m., a meeting of the Board of Governors of the Federal Reserve System was held under expedited procedures, as set forth in section 26lb.7 of the Board's Rules Regarding Public Observation of Meetings, at the Board's offices at 20th and C Streets, N.W., Washington, D.C., to consider the following matters of official Board business.
Meeting date: February 20, 2001
Matters Considered: Exemption(s)
1. Review and determination by the Board of Governors of the rates of discount to be charged by Federal Reserve Banks.
9(A)(i)
Effective February 20, 2001, the meeting was closed to public observation by Order of the Board of Governors1 because the matters fall under exemption(s) 9(A)(i) of the Government in the Sunshine Act (5 U.S.C. Section 552b(c)), and it was determined that the public interest did not require opening the meeting.
Contact Person for More Information: Lynn S. Fox, Assistant to the Board; 202-452-3204.
Supplementary Information: This meeting notice, which is available in the Board's Freedom of Information and Public Affairs Offices, is also available electronically at federalreserve.gov on the Board's Web site. (The Web site also includes procedural and other information about the closed meeting.)
Dated: February 20, 2001
Ed |
