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Strategies & Market Trends : Steve's Channelling Thread

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To: Rick Storm who wrote (11688)	2/24/2001 7:57:26 PM
From: Zeev Hed	Read Replies (2) of 30051

I think that their trigger is a drop under 100, but unfortunately, my disguise as a fly on the wall of the FOMC boardroom was discovered, and I could not find out exactly the number. In any event, Nov 92, was not a "watershed" event, the fed fund rates where at 3%, after declining for 3.5 years (from a peak of close to 10 early in 1989). The index was that low, IMHO, because unemployment was quite high, rising above 7% from a (then low) 5% in 1989/90. With unemployment at just above 4% and current claims barely moving up (while inflation is popping a little), the fed's will need serious arm twisting to lower rates ahead of schedule. Zeev

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