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

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To: Lee Lichterman III who wrote (40964)1/15/2001 3:09:06 PM
From: JRI  Read Replies (2) of 42787
 
L3- I am curious why you are so sure that the Fed will not go 50 bp at end of Jan. (IMO- not a slam dunk, but can not be ruled out either)..

For that argument (no 50 BP cut), it seems, one would want to get as far away from the manufacturing data as possible....despite the upward revision, man. data is pretty bad....if anything (even with revision), IMO, that data speaks FOR an additional 50 BP..

Its in other areas where the true excesses lie...not manufacturing..

Finally, given the radical 50 bp cut 2 weeks ago...if the Naz is sitting on 2000-2300 come end of Jan., you think Greenie's only doing 25 bp? His last 2 actions (speech in Dec./surprise rate cut) smell a lot like "here's the floor boys"...

We may or may not get the 50 bp, but the Fed sure seems friendly..
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