Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: GROUND ZERO™ who wrote (52370)	6/27/2001 11:22:36 PM
From: Shtirlitz	Read Replies (2) of 94695

Could you please explain the mechanism of how the rate cut is exactly working ? From what I see, Long term bonds yields are up, mortgage rates are flat, bank lending rates are up or flat. Even US dollar which is absolutely suffocating the manufacturing sector didn't come down as it was supposed to as result of so many rate cuts. The only place where I see the rate cut effect is the interest rate in my savings account. P.S. And don't look at the Nasdaq chart. Nasdaq has turned into some kind of scisofrenic chaos and made all charts meaningless. Day to day sentiment rules there.

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