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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 665.67-0.9%Nov 17 4:00 PM EST
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To: Hector who wrote (67924)1/30/2001 12:22:22 AM
From: jmanvegas  Read Replies (2) of 99985
 
But they are much worse than everybody realizes. That's why my trust in government officials to do the right thing has waned considerably. The fact is now everyone will be looking to see what the Fed will do in March at their next meeting. The arguments will continue to persist about the slowdown and whether the Fed will lower by 25 or 50 points in March, etc. This just puts everyone on hold and makes for volatile and skittish markets. I say full speed ahead, damn the torpedos, and let's get on with it. What are we waiting for? The Fed needs to undo the 175 point hike from last year. We all know this. So we'll just wait around for the Fed to dole it out over the next 6 months. NONSENSE IMHO!!! But I believe you're right. And that's what makes the whole process unfortunate and creates uncertainty in the markets. It's now getting close to waiting for the March Fed meeting and what the Fed is going to do then. I'm reminded of Norman Swartzkoff (can't spell that last name correctly) and what he said. When you go to war, you go to win - you don't fool around. The Fed is in a war now with economic forces that could get out of control. They should go to win and win decisively and quickly. JMHO.

jmanvegas
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