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Politics : Formerly About Applied Materials

AMAT 230.77

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3:59 PM EST

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To: Justa Werkenstiff who wrote (35347)	5/24/2000 9:03:00 AM
From: willcousa	Read Replies (1) of 70976

Because the ostensible reasons given by the Fed for their actions and the observable facts don't fit together nicely and the severity of the multiple rate hikes under the circumstances, the market is nervous about where the Fed might be headed. The Fed was viewed as more of a known quantity before. Confidence is shaken and the market hates uncertainty.

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