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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 681.43

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Nov 10 4:00 PM EST

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To: The Prophet who wrote (69366)	2/17/2001 11:36:12 AM
From: Kemo Sabe	Read Replies (1) of 99985

Prophet: Is your view that AG should cut based upon the economic environment, or your current position? Personally, I believe it would be highly irresponsible of AG to cut rates right here. His job (should) centers more around controlling inflation/disinflation than managing the equity markets. The things causing inflation right now are (by in large) issues for business & fed/state gov'ts to work together to resolve. A few months ago everyone was talking about the fact that Americans are now net disinvestors (i.e. as a whole they're spending from savings, reducing total savings). This was considered a bad thing by most folks (that's my view, too). Now that folks are spending less, the general assumption would be that they are 'saving' more. Isn't this a good thing? I think so. So by lowering rates, we go back to 'spending' more & saving less, correct? Now that's a bad thing, right? This whole situation is a little more complicated than just a simple rate cut, IMHO. Just thinking out loud. Best wishes! Kemo Sabe

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