VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Boplicity who wrote (22674)	12/7/2000 2:54:54 PM
From: jcky	Read Replies (1) of 65232

Greg, It would not be unusual for the market to sell off immediately after the Feds first cut rates initially. The market's initial perception may be that the Feds are acting desperately to prevent a hard economic landing and that the economy may get worse first before things get better. However, if the Feds are able to sustain a pattern of lowering rates (like three in a row) then that will be bullish for the market. My point lies in the fact that Uncle Al and the Feds' hands may be tied if the US dollar continues to weaken or if waging pressures continue to increase. Personally, I'm more worried about the US dollar than I am about waging pressures. If the US dollar does fall then Uncle Al will not be able to implement monetary policies to stimulate the economy and we will be left with the government and fiscal policy to stimulate the economy (i.e. tax cuts). And let's face it, if by some long shot Al Gore should slip into the Presidency thru the back door then who knows what will happen to the market next. Regards,

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