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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Venkie who wrote (19703)11/27/2000 10:37:04 AM
From: Jim Willie CB  Read Replies (1) of 65232
 
VenkMan, agreed on "The mkt never waits for feds to move"

interesting how market will rise in anticipation, even when it doesnt happen
each time it rises in anticipation, likelihood increases of happening

market has keen ability of looking past the chasm
this time that view involves a required confidence in Greenspan and Fed Reserve competence

that confidence is something I dont share 100%
these guys live by old statistical econometric models
the biggest question in my little mind is:
DID GREENSPAN WITHHOLD A NEUTRAL BIAS BECAUSE OF ELECTION DEADLOCK ???

/ JW
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