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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.97

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Nov 7 4:00 PM EST

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To: The Prophet who wrote (69366)	2/17/2001 12:00:24 PM
From: Paul Shread	Read Replies (1) of 99985

I agree that an intermeeting cut seems likely at this point. AG was trying to talk the economy out of recession last week and wound up looking as out of touch as he did in December. If consumer confidence is as important as he says it is, he has no choice, PPI or not. The Conference Board's consumer confidence survey comes out on the 27th, but I'm not sure if he'll wait that long. If it's still falling after two rate cuts, he has to cut again. Good call.

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