Bob Brinker: Market Savant & Radio Host Message Board

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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: kenya who wrote (12725)	3/3/2001 1:46:47 PM
From: Elmer	Read Replies (1) of 42834

Greenspan has a problem. This month will be littered with preannouncements of weak earnings. So far, it has been primarily located in the Technology stocks but may soon move into other parts of the market. If Greenspan reduces rates in the face of this bad news, it may not halt the market's decline and may even exaggerate it because investors may come to believe that we are in so deep that cuts won't help. The key is getting past the next earnings season without a financial panic. Greenspan will cut in March but probably not before the meeting. The March 20th date will be in advance of terrible earnings preannouncements and guidance and will probably be at the time people start to acknowledge the recession. It may also represent the point of maximum pessimism.

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