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Strategies & Market Trends : John Pitera's Market Laboratory
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To: John Pitera who wrote (3698)4/6/2001 5:59:57 PM
From: Logain Ablar  Read Replies (1) of 33421
 
John:

As you've commented many cross currents. My take is the FED should cut next week (tuesday) BUT they will not unless there is some triggering event & while todays job numbers should be it I'm not sure AG feels the same way.

1) Consumer sentiment moved up in FEB. Remember my comment of this being taken after the Jan rally. Imagine what it will be next month and the month after.

2) Jobs. Just wait for the next few months. The banks have just started and they remember 1989 to 1991 well. They are quite nervous. Jobless claims lag the announcements and there are many more announcments to come unless business feel there is a light @ the end of the tunnel.

3) AG doesn't want to fuel the markets BUT if he eases again he knows it will start a rally. Something he doens't want but he also doens't want the markets to crater any more.

darned if I know what will happen.
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