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Strategies & Market Trends : The Thread

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To: SirRealist who wrote (32266)	2/13/2001 10:40:46 AM
From: noneed	Read Replies (1) of 49816

this is a greenie snippet from briefing.com: 10:08 ET Greenspan Testimony : Greenspan did say that "for the period ahead, downside risks predominate" but his comment that December weakness did not continue through January still looks to us like the most telling comment in the testimony. There is still concern and more rate cuts are likely, but the degree of concern at the Fed has moderated. 10:03 ET Greenspan Testimony : Here is a key line in the Greenspan testimony: "The exceptional weakness so evident in a number of economic indicators toward the end of last year (perhaps in part the consequence of adverse weather) apparently did not continue in January." This line suggests that Greenspan is not as concerned about the economy as he was a few weeks back. That doesn't mean there won't be additional easing, but the Fed may not be as aggressive as the market had hoped.

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