ASK Vendit Off Topic Questions Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : ASK Vendit Off Topic Questions

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Walkingshadow who wrote (18581)	1/28/2001 8:31:47 AM
From: avanti77	Read Replies (1) of 19374

it seems to me that Greenspan has always proceeded rather methodically, making several small adjustments in a row, rather than one or two big ones. T, I agree with AG being a methodical person. My thinking on .5 basis cut is based on the bond activity, and what that market "expects." The Fed is not known for surprises. However, what clinched it for me was the housing start # coming in >5% lower than expectations. (I'm not at home right now, so I don't have all the exact #'s next to me), but housing starts were expected to be lower in the 2% area, and the surprise was that they came in the 7% area. That's why the bond market rallied hard and factored in a 92% chance of .5 cut. My personal opinion is a .5 cut would be pragmatic, and I don't think it'll send equities flying like the first cut. Perhaps the COMP would get up to the 3000-3100 area before doing some retracing, but I don't think it'll go nuts since it has also been factoring in the larger cut already. Of course, this is all armchair analysis, to be taken with a large grain of salt like everything else in this market... Donna

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next