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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: patron_anejo_por_favor who wrote (112830)7/16/2001 11:22:24 AM
From: marginmike  Read Replies (2) of 436258
 
If things are worse then we think, inflation as tame as Fed says and the market rallies here it would be an oportune time to use the Greenspan put. He did the same thing last time when the market finally rallied ater a big down move. I would not be surprised to see a 1/4pt cut. remember fed is trying to keep the consumer afloat here and the psychological and stock market levels are importent ST to do this. I would be very conserned being short into thursday especially if rally continues.
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