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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Ibexx who wrote (40216)	1/8/2001 9:33:28 AM
From: Paul Shread	Read Replies (1) of 42787

Ibexx, The one thing I haven't seen much on is that the new Fed voting members as of January 1 are much more dovish than the Meyer camp that had the market in a stranglehold last year. They might have jumped at the first chance to cut rates. AG always acts when he smells a credit crunch, and he seems to have known one was coming this time. Bush wouldn't be the first president to pressure Greenspan (Clinton did it, albeit politely, in '94, and Bush The Elder did it in '90 -- a family trait?), but AG doesn't have to listen. As long as he wants the job, Bush would face a revolt if he tried to get rid of him, IMHO. The Dems share power in the Senate, and AG's not up for reappointment until 2003, anyway. A lot can happen by then. Regards, Paul P.S. Was Cheney hooked up to a defibrilator when he delivered that tough talk? <ggg>

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