MDA - Market Direction Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.92

+0.1%

Nov 7 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Haim R. Branisteanu who wrote (65812)	1/4/2001 5:39:48 PM
From: Yorikke	Read Replies (1) of 99985

Robert Reich, ex Sec. of Labor, just commented that he believes the news from yesterday was not the 1/2 point cut but that JW has not struck a deal with AG. (A 'deal' with Clinton giving us the eight year up move.) He continues saying that JW still wants his tax cuts and may feel better with a harder landing as it gives him time to play the hero, not to mention his unwillingness to continue to let AG drive the economic car unassisted. I believe you mentioned that the cut, coming during JW's economic seminar, might have been AG's gift to sour the tax cut concepts. (And let everybody know who is in charge.) Reich believes that without an agreement between them, AG will go about his business of rate reductions at a much slower pace, hastening a harder landing, and possibly a market 'crash'. Fed Res politics seem to be a more and more important aspect of the analysis.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next