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

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To: Paul Shread who wrote (40314)1/8/2001 2:45:05 PM
From: JRI  Read Replies (1) of 42787
 
Via CNBC (I know, I know..consider the source)...but I just heard something (that I consider pretty amazing)..

Report summarized Fed govenor McTeer's comments earlier today......McTeer made a comment to the effect that the Fed is monitoring the weakness in the Nasdaq (along with weakness in manufacturing, and, I believe the dollar)..

Now, perhaps CNBC got the quote SOMEWHAT wrong....but would they actually subsitute "Nasdaq" weakness for "market" weakness (?) in his quote. I don't think so. If they did, they are completely inept.

If McTeer did say "Nasdaq"...that would be a first time (I can ever recall) that the Fed recognized the Naz specifically ......that's pretty powerful, no? Floor on the Naz?
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