Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Tommaso who wrote (1309)	12/6/2000 6:21:45 PM
From: Erik T	Read Replies (2) of 74559

Perhaps the market over-indulged on Greenspan's comments. It seems some other Fed leaders felt like stepping in to clear up some confusion: "But comments by top Fed leaders on Wednesday seemed aimed at reining in the more euphoric market reaction to Greenspan's comments as officials stressed the economy was moving into balance, indicating that while a cycle of interest rate tightening may be at an end, rate cuts could be some way off." biz.yahoo.com I think a lot of yesterday's reaction was attributed to the mistaken belief that the Fed has decided on cutting rates, rather than simply taking a more neutral stance. It will be interesting to see where things go from here, Erik

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