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Strategies & Market Trends : Steve's Channelling Thread

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To: jaall who wrote (9860)	1/5/2001 9:32:50 AM
From: Bosco	Read Replies (1) of 30051

Hi John, I think there is enough writing on the wall to warrant Chmn Al's action. With a NAPM surprise, the contraction is showing sign of getting out of hand. I mean, NAPM has been under 50 for [4 or] 5 months in a roll, and with the latest # of 43, well below the 46 expectation, the next GDP # is likely to be under the last 2.2. So, w/o going into some of the pundit's convoluted reasoning [like Mr Fleckerstein's :),] the Fed is right to cut rate. And we ve not included any hidden "turnips" the Fed was disinclined to reveal to the public! It is cogent for you to think with a big picture in mind ["driving the market."] Taking things at their face values, I think it is time for me to accept the adage "don't fight the Fed!" Look at me, I tried to fight the Fed last year and I lost miserably <VBG>! best, Bosco

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