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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 652.56-1.5%4:00 PM EST

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To: JRI who wrote (70204)2/23/2001 9:47:00 AM
From: Tunica Albuginea  Read Replies (2) of 99985
 
JRI, agreed:Market is at mercy of AG.And don't you think
AG is at the mercy of PPI and CPI? i.e. everybody wants him
to lower rates " to save the economy ".
Well the Economy is not going too bad considering 4.2%
unemployment ( used to be 6-7 % at one time ),
( 10% in Europe ).
What the Fed does not want is to re-ignite Carter's inflation of ? 10% I think it was.
Correct me with any of these numbers.
So in fact, AG may want to wait for next CPI/PPI before
considering any rate cut at all, considering
the previous unexpected increase in CPI/PPI.
And tell the politicos in Washington
"hey folks, you got to cut taxes a n d spending "...
and do your part. I am not the sole supporting pillar
of the Economy ",

TA
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