VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Jim Willie CB who wrote (34234)	3/20/2001 5:55:21 PM
From: stockman_scott	Read Replies (1) of 65232

<<Kudlow expects the Fed easing cycle to conclude at 3.5% which would be another three 50 bpt cuts>> Jim: We should have someone like Kudlow running the FED....If we still have to lower rates that much then why didn't Greenspeak lower rates a full basis point today? No one was expecting that and it could have been justified and explained carefully. The FED could have talked about how it was necessary to effectively engineer 'a soft landing' <VBG>....Oh well, I guess we'll have to deal with the incremental approach that Greenspan seems to love. The market will come back -- yet in the next few months the DIEhard Bulls will be tested...=) Best Regards, Scott

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