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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: Justa Werkenstiff who wrote (11130)1/14/2000 8:33:00 AM
From: Wally Mastroly  Read Replies (2) of 15132
 
Justa, Re: Greenshades speech... Less 'hawkish' than I had expected & in that light it may encourage more irrational exuberance in the market rather than the opposite.

Although he sprinkled in all the usual cautions & caveats, the net affect could be to encourage a relief rally.

I read it as a quarter point on 2 Feb. but think he should keep a little guesswork cooking by at least reinstating the alleged bias.

Still think the markets will at least smile at his incremental approach (if not continue to laugh in his face). I am more convinced that a sledge hammer approach of a half point would send some much needed fear in to this fearless/foolish market.

FWIW,

Wally

P.S. - Found it interesting that he seemed to downplay the CPI as an important indicator.
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