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Strategies & Market Trends : The New Economy and its Winners

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To: HG who wrote (5102)1/26/2001 12:03:26 AM
From: Libbyt  Read Replies (2) of 57684
 
>but I'm pretty pessimistic right now about the next 6 months...<

I am definitely not ecstatic about the overall market conditions right now....but IMO now is a time to be cautious, and to me that means not overly bearish or bullish. There have been so many messages about what we've all learned from the last year, and "don't fight the fed" keeps being mentioned. The Fed is sending us a message....and IMO some of the posters on SI aren't hearing the latest "news".

For once (~finally~) the Fed is on "our" side. Maybe the FOMC is not moving quickly enough to reduce rates, or has not started cutting rates soon enough....but IMO substantial rate cuts and tax cuts are all coming in our direction! The California energy crisis is a crisis that will impact the entire U.S. economy, and I believe that Greenspan made this point clear in his talk today. IMO Greenspan will do whatever it takes to restore the health of the economy and the confidence of the average investor. (Better late than never!)

The FOMC meeting is next week, and by next week IMO this market will look much healthier.

Libbyt (Being cautiously optimistic!)
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