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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (37365)3/20/2001 2:27:46 PM
From: IQBAL LATIF  Read Replies (1) of 50167
 
<<in my opinion FED bias will be to declare a policy of easing if market conditions require and a possible statement from now (to depend on market reaction) that may call for end 'irrational pessimism'this may be just opposite ot that famous 'irrational exuberent' statement,>>

In the morning as the tradition of this thread is, I stuck my neck out and announced my bias, that is Fed will probable cut .5% as AG will not give into market makers black mail, next I said in a post to Zain that it is not any more important what FED does it is important for FED to show the words,, that I think htey have done.. the adjoining statement that they will not let the economy derail is going to drive a nail through these oversold levels,.. like always reading his mind right and projecting it right is also a great pass-time of this thread..
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