VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: CAtechTrader who wrote (33104)	3/12/2001 3:24:44 PM
From: stockman_scott	Read Replies (3) of 65232

<<It has come down to psychology and only headline moves like Rate Cuts will get the attention needed to move psychology.>> CAtechTrader: For the most part I agree with you...The stock market feeds on future expectations and right now there is not a lot of clarity. The economy has slowed dramatically and I do believe overseas economies are being affected. Greenspeak needs to pay careful attention to this...IMO, if he was smart he should forget about cutting rates at predictable times --> I would advocate a .75 rate cut this afternoon. Who would expect that? The economy needs liquidity sooner rather than later. The patient is sick and needs attention. A dramatic and unexpected move would also send a message to corporate America. Purchasing managers have become fearful & cautious and consequently they have pulled in their spending. Its a visious circle. It MUST be broken....They need confidence to once again start odering large quantities of routers, SAN products, storage, servers, software, and valuable services etc... Fund Managers need more clarity and confidence to deploy a lot of their cash. This is also increasingly true with many retail investors. So....will the FED step up to the plate and take action -- sooner rather than later? My hunch is that given the current conditions we have about a 50% chance of Greenspeak acting before March 20th. I would not be surprised if he decided to wait though. He is quite a conservative man (look at how he dresses) who may be overwhelmed by this increasingly complex new economy we have to deal with...=) JMHO. What's your forecast for 'the bottom' that so many folks are talking about? Best Regards, Scott

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