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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 685.66+0.2%Dec 5 4:00 PM EST
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To: George Martin who wrote (72677)3/19/2001 12:30:42 AM
From: Mike M  Read Replies (1) of 99985
 
George, I think AG is sweating bullets. No argument that he overshot the mark last year, the trick is responding aggressively without appearing to panic. Yeah, he has a legacy issue to deal with too, but he harbors no illusions that he has some place to hide.

As you know, not all FED activity is reflected in fed funds rate or discount rates. He has been pumping an awful lot of liquidity into the open market activities. Perhaps Tuesday will drop the other shoe.
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