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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: BigBull who wrote (79262)3/12/2001 7:34:07 PM
From: Earlie  Read Replies (1) of 436258
 
BB:

I agree and I expect a major rate cut within days.

The Fed will now be under enormous pressure to "do something" and to do it pronto, and I think the last two days worth of stock market fireworks will be the stick that beats the European doddlers into submission. I expect a European-based announcement (or at least a hint of impending action) within a very short time frame, followed immediately by a Fed cut. Yes, the Fed would like to wait until the meeting to appear "unruffled", but the current action is doing exactly what we have been discussing for weeks now,.... it is reaching critical mass. The spiral is tightening quickly now, and the Fed knows this. To give Big Al his due, he hasn't bee slow to move in the past when thinks became threatening.

Best, Earlie
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