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Strategies & Market Trends : The Thread

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To: Bryan who wrote (27645)	1/9/2001 2:55:47 PM
From: JLS	Read Replies (2) of 49816

Bryan, nice work! A couple of questions... Sept29, 1998: Fed cuts FF rate 25bps. NAZ is at 1730. Before this move did the Nasdaq have the kind of drop we have seen this year? I would think at least that factor is different in this case. And also as I understand it the cut in '98 was to stem a global financial crisis and not to avoid a potential recession. This would make the cuts different in terms of what they were trying to accomplish. I read something interesting last night from material I can't repost...essentially saying the drop in consumer confidence prompted the surprise move as the Nas was about to march into the abyss...Greenspan being the best technical trader around <g> had to rescue the stock market and consumers which have become the economy, fueling the growth.

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