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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 687.57

+0.7%

Dec 10 4:00 PM EST

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To: jmootx who wrote (65697)	1/3/2001 1:53:52 PM
From: eichler	Read Replies (1) of 99985

Just checked in to see what's going on. Been laying low lately. Fed cuts rates 50bp? About time! This moves underlines that these individuals charged with keeping our economy on an even keel are way dumber than I thought. A couple of weeks ago they had an opportunity to lower rates as the reports showed a hard landing in progress. They could have started what needed to be done and at least kept alive the notion that they are doing what is necessary to keep things going. Now my perception is that this emergency measure (NOW they can't wait until the next FOMC meeting!) just shows how behind the curve these morons are; it looks to me they are not controlling the economy at all - the economy is controlling them. Unbelievable! Regards to everyone. Good trading. Eichler Congrats on your oex calls!

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