Stock Attack II - A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: StockOperator who wrote (1536)	3/1/2001 9:38:20 AM
From: Paul Shread	Read Replies (3) of 52237

>>Unfortunately for Greenspan I believe he will be that person for so many.<< I think it's clear that the Fed was slow to act. What if, just for the heck of it, the Fed paid attention to leading indicators instead of waiting for reality to beat them over the head. What if they eased by a 1/4 point last fall when the yield curve fully inverted. What are they risking now by waiting for consumer spending habits to catch up (or down) with consumer sentiment. Regardless of what happens to the stock market, a recession is in no one's interest. A lot has been made of the Fed following the bond market - I agree, but it seems to be a six-month lag. The Fed waits until the economic readings confirm a problem that could have been predicted months earlier. The yield curve is still saying rates are too high, by at least 50 bp. Not blaming anyone, just saying that there's decades of collective wisdom that could have seen this coming and responded sooner. Those of us with a TA bent trust what we see before it happens; not so sure it's too much to ask those with the power to make or break our economy to do the same. JMHO...

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