Alan Greenspan MUST GO: Message Board

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Pastimes : Alan Greenspan MUST GO:

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To: Ted Downs who wrote (287)	3/20/2001 1:14:17 PM
From: wdlngduc	Read Replies (1) of 494

When I made my observation about the market's response to a fifty basis point cut, there was no talk about a seventy-five point cut. Just a fifty will most likely have a negative market reaction. So, I agree with you. The recent talk about a three-quarter cut comes from those poor souls who think Greenspan can save the market and themselves from further losses. Frankly, all this hoopla about what the esteemed Fed chairman does is an exercise in wishful thinking. At this point, what he does will have little impact, other than psychologically. Reality is that we've got trouble. Big trouble.

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