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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who started this subject1/30/2001 1:41:00 PM
From: OVETUS  Read Replies (2) of 19219
 
Jt, REad this. 75 BP cut? From Ikes board:THERE IS A MARKET TALK OF 75 BP RATE CUT AT FOMC and may be an outside chance of full point (100)...
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CONSUMER CONFIDENCE IS CLEARLY IMPORTANT TO THE FED. REMEMBER THAT THE FED CITED IT AS ONE OF THE FACTOR MOTIVATING THE 3 JAN RATE CUT.
AG also knows that 'so called consumer cofidence is a lagging indicator not a forward looking indicator and a important one too , what you see in today's number was the 'light that left the sun 9 minutes and some second back', a NAZ that has been dropping for so long and 'consumers' who have been losing money in these treacherous markets have low confidence but once markets stabilise and meny and credits get better this number would reflect very different picture, the market future prospects are based on that new evolving picture not the old, the new in which NOK will take a bigger market share of the 500 m projected, if cuts are good we may see in second quarter new figures upward of this 500 m revised to 550 m and than things will look more rosy..very interesting economic issues..
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