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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.21

-1.1%

4:00 PM EST

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To: Patrice Gigahurtz who wrote (81474)	8/18/2001 10:42:03 AM
From: Steve Lee	Read Replies (1) of 99985

You are right in that the feds shouldn't have to raise rates to tackle overvalued stocks. Maybe more curbs are needed on the analysts who promoted the media, or maybe lenders should be more careful with who they lend to. Perhaps buying stocks on margin should not be allowed. Or maybe the govt shouldn't be trying to save people from their own stupidity. I don't know the answer. I just don't think this slowdown was caused by raising rates, and I don't see how lowering them is going to fix it.

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