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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 670.21-1.1%Nov 6 4:00 PM EST
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To: Zeev Hed who wrote (65001)12/22/2000 7:17:30 AM
From: Crimson Ghost  Read Replies (2) of 99985
 
Zeev:

Hopefully you will be right about the Fed.

What is going on here I think is that Wall Street is putting heavy pressure on Greenie to cut and cut fast. The usually sober NY Times columnist Floyd Norris advocated aggressive interest rate cuts this morning.

Of course the dollar is a key factor here. If Greenie caves now, the greenback could really get trashed.
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