Ahh Canada - 2 out of 3 ain't bad Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Ahh Canada - 2 out of 3 ain't bad

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Davy Crockett who wrote (1406)	3/21/2001 8:39:36 PM
From: Cush	Read Replies (1) of 5144

Peter, I've been thinking about a response I gave you last night, about the Fed cut. I said that 50 or 75 points, I thought the market was over-reacting. I still think that about the market but I'm coming around to the point of view that the Fed made *another* error in judgement. For whatever reason, the market apparently wanted more than a 50 basis point cut. Regardless of the rational for why that wasn't necessary, someone with foresight needs to step in here. The Emperor is never going to admit that he screwed up last year. I hope he doesn't continue to compound the problem with his arrogance this year. As you know, as I read the situation, they should have moved *much* sooner than they did to ease up on the economy. Each day, each week they delay, it requires more dramatic action to restore investor confidence. IMO, only a fool would fail to understand the impact that this loss of investor confidence and wealth will have on consumers. It'll be too late when this short-sighted old man sees the whites of their eyes. Enough ranting for tonight. I think you were right yesterday. 75 basis points would have been more appropriate. Cush

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next