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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	5/15/2001 11:53:11 PM
From: velociraptor_	Read Replies (2) of 37746

Some great comments on what the market is expecting right now psychologically and why it it presenting to be a potential problem. From the Comstock site... comstockfunds.com "The Fed’s action leaves Wall Street between a rock and a hard place. The statement gave investors everything they wanted, both the 50 basis point cut and the promise of more to come, but only at the expense of an economy that is also weaker than desired. This means more corporate cutbacks in capital spending, employment and general expenses and the probability of undermining consumer spending on goods, services and housing. On the other hand, we have to question whether the “Street” really wants an economic rebound. Last week when the strong April retail sales numbers were released, the market tanked because investors assumed that it would mean the end of the interest rate cuts. The market wants both the rate cuts and an economic rebound at the same time, and this is almost certain not to happen. If one of these outcomes alone won’t suffice, where can the market go? "

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