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Strategies & Market Trends : Rande Is . . . HOME
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To: maverick61 who wrote (46567)2/3/2001 3:03:58 PM
From: American Spirit  Read Replies (1) of 57584
 
Greenspan will cut as NECESSARY. If the market starts crashing down again he will move in aggressively. The point is he clearly has his eyes on the market as it directly relates to consumer confidence. Forget the dot.bombs, they will never approach old highs again but if our nation's blue chips and high tech leaders start being pummeled again I expect immediate action. Up to a point cut just like last month. As for a $100 wager, I bet far more than that every day by buying the dips so if you're a bear you can short the dips and we'll see who comes out ahead. But frankly, I have never seen investing as a competition. Except for those who lie and manipulate to make bucks I wish everyone profits and realize that we are all taking risks to play this game. So will Greenspan cut a whole point in february? Perhaps but I hope not because if so that will mean the market has come under increased pressure. Which he will help alleviate. I'm waiting to see what happens first thing this coming week. If the techs come under more attack I think we might just see a quick 1/4 point cut on Wednesday or so. It's all about investor and consumer confidence plus the inflation and jobs numbers. I don't pretend to be an expert on those. But I understand the worse it gets the more Greenspan will cut. And I do believe a whole point cut by March. But that's my guess and 1/2 or 3/4 or 1 1/4 wouldn't surprise me either. Good luck with your shorts, but cover quickly (as in profit often), especially on the downside as we are so close to the bottom now. IMHO only of course.
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