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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 687.85

-0.4%

Dec 29 4:00 PM EST

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To: Terry Whitman who wrote (30043)	10/15/1999 8:19:00 PM
From: LTK007	Read Replies (1) of 99985

The Fed is a lot more than Greenspan though,we can only imagine the intense pressures he comes under.The tightening bias may have been the only thing he could squeeze out the Fed,with guys like Summers and Meyers pounding the table with all is well,all is well.(Summers was saying all is well right up to the Fed meeting) And maybe a lot of people are just getting the message,for instance Larry Cutlow(the CNBC regular) who until today has always blasted Greenspan for his inflation fears,and always saying "don't raise".Today is yelling at the Fed,and saying they must raise rates right now--immediately. Now who is the bad guy Cutlow or Greenspan?Neither one,is the answer,IMO.Max

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