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Strategies & Market Trends : NetCurrents NTCS

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To: CharlieChina who wrote (4481)	11/13/2000 12:51:27 PM
From: Lane Hall-Witt	Read Replies (2) of 8925

Just to add to the good cheer, the SOMC (Shadow Open Market Committee) was out on the wires this morning saying that the Fed will probably have to raise rates further in order to fend off inflation. They say 4-5 percent growth is too rapid for the economy at this point. I don't follow the SOMC closely and so don't know how the market would react, but they're definitely throwing cold water on the market's expectation that the next Fed move will be to lower rates. As far as I can see, the hope of a Fed reduction is one of the few things holding this market together right now. We still haven't seen the VIX above the 34s yet. What is AMAT going to say on its call tonight?

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