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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: Chris who started this subject2/26/2001 9:17:51 PM
From: velociraptor_  Read Replies (3) of 52237
 
I vote NO rate cut. Surprise rate cuts are rare. I think the reason we got the one in January is because they should have cut at their last meeting in Dec, 2000 and they realized it was a mistake not to. We already have 100 bp of cuts in 2 months of time and with slow downs and a recession picking up speed, Greeny needs to save his cuts for something more important. He can't use all his magic bullets and he only has so many. With the recession starting to look like it's going to last into the end of the year, Greeny can't just cut 50bp every month. This Angel guy is a farce, and in my opinion, Trade activity should be examined at Bear Stearns over the last day or so by the SEC....not that it will happen though.
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