Stocks Crossing The 13 Week Moving Average <$10.01 Message Board

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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: Bucky Katt who wrote (7333)	1/4/2001 12:13:07 PM
From: James Strauss	Read Replies (1) of 13094

William: I agree that the FED didn't like what it saw... It wouldn't surprise me if we got another 1/2 point cut in the Fed Funds rate at the end of Jan... I don't believe in coincidences... It was no coincidence that the FED cut rates the same day Bush had his economic summit in Houston... This either means that Bush and Greenspan cut a deal on a slimmed down tax cut package or going 180 degrees in the other direction, Greenspan is flexing his muscles to head off a large tax cut which he feels would interfere with paying down the debt... We'll probably know the real story in the next six months... Jim

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