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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 680.27-0.5%Dec 1 4:00 PM EST

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To: Johnny Canuck who wrote (32269)5/15/2001 5:17:20 PM
From: Return to Sender  Read Replies (1) of 68499
 
Harry, I believe the FED is done cutting rates for the foreseeable future. Inflation while not a big risk is a factor. The FED rate is only one point above inflation there simply is no room for further cuts. The market has been showing this to be the case as precious metals have actually outperformed all other industries this last six month:

bigcharts.com

At the present time companies are going to have to find a reason to borrow money before lower interest rates can actually benefit the economy. Investors need a little more positive guidance on the future before they will jump in longer term. AMAT for instance is doing their conference call now and although I cannot say for sure how it is going but after hours quotes suggest... it's not so good.

RtS
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