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Politics : Formerly About Applied Materials
AMAT 301.11+6.9%Jan 9 9:30 AM EST

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To: John Trader who wrote (41742)1/29/2001 9:00:57 AM
From: michael97123  Read Replies (4) of 70976
 
Does anyone believe it possible that Fed will lower by 3/4 point? Market has factored in 1/2 and after listening to Greenspans testimony before congress(repeated on cspan this weekend) and after realizing next fed meeting is in march, could we be in for a surprise? Not heard anyone mention the possibility but I kind of think AG will do anything he can to prevent an official recession on his watch. An up Nasdaq is the key to a resumpiton of confidence in the economy and if the price to be paid is a slight upward move in inflation, AG might pay it. I am sure he regrets the excessive rate increases that caused market meltdown and this minicrisis. The inflation hawks at the fed have been discredited.
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