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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 668.73+1.5%Nov 24 4:00 PM EST

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To: jmootx who wrote (65418)12/28/2000 7:01:46 PM
From: Crimson Ghost  Read Replies (2) of 99985
 
My interest rate take is a bit different. Greenspan will cut, but much less than many on Wall Street predict even if Bush proposes just a modest tax cut. The sharp rally in cyclical stocks of late is bound to raise questions as to how bad the economic outlook really is.

The bond rally is just about over IMHO. I doubt that Greenspan will cut more than 50 BP during the first half of 2001 unless the OLD ECONOMY stocks tank over the next few months. The sharp drop in the dollar of late is another factor that will keep Greenspan from cutting too aggressively.
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