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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

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Nov 14 4:00 PM EST

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To: Les H who wrote (70418)	2/25/2001 2:08:00 PM
From: JRI	Read Replies (2) of 99985

Les- Although I agree that Greenspan & co. are more-weighted to S&P 500 and other longer-standing indices, I think the Naz has become much more relevant for the Fed....For instance, the Fed cut Jan. 3rd (after a previous day loss of 7% on Naz), yet S&P 500 was not near the 20% figure then...also, in Dec./Jan speeches/commentaries, Greenspan went on and on about the productivity/technology miracle, blah, blah.....he sounded like Chambers... In my view, Nasdaq 2000 pushes Greenspan to the edge, S&P 500 going down 20%/Dow going under 10k pushes him over.. (Of course, it'll be real interesting to see how much mileage he gets this time out of the "put") What is this tit-for-tat by Angell...is trying to rise from the ashes as some sort of Anti-Greenspan? Or is just trying to make money (or save money) for his client <G>

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