MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 665.67

-0.9%

4:00 PM EST

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To: jmootx who wrote (72948)	3/21/2001 12:08:29 AM
From: Doug	Read Replies (3) of 99985

jmootx: The markets have , using their own logic , sold off after todays rate cut. As I explained earlier , a 1% rate cut and a ten percent increase in stock prices is known to generate 0.7% growth in GDP with half attributed to the wealth effect of stock Investors and half due to the rate cut. It is a paradox that while the market wants A.G to do his part, the same Market wants to negate it thru a sell off. It is the market who is behaving like a spoilt child. The market's +ve response and interest rate cuts must go hand in hand to have the maximum effect on the GDP. I hope the markets realize that they are damaging the economy more than A.G by their irrational behaviour.

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