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Politics : Formerly About Advanced Micro Devices
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To: Rob S. who wrote (130331)1/3/2001 2:29:23 PM
From: tejek  Read Replies (2) of 1572549
 
The 50 basis point move changes everything. If you haven't loaded up at fire sale prices it's not too late to buy on dips. Hedge funds and other Short sellers will cover as money flows into equities. The sharpness of the rate lowering sends a very strong signal to the market. Buy now.

I stepped out of my office for 15 minutes this AM. The Dow was down 20 and the Naz 5; I come back the Dow is up 300 and the Naz 200+. I thought I had walked into an alternate universe.....I thought what happened. Man, I was going to post this AM to John Fowler that the feds need to cut.....but I didn't think Greenspan would respond this quickly...I should have asked sooner. ;~))

I have been buying a ton of stuff...some tech, some financials and some energy. How about you?

ted
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