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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Captain Jack who wrote (16035)8/21/2001 12:37:36 AM
From: stockman_scott  Read Replies (1) of 52237
 
<<Additionally, why did he wait so long to begin lowering rates.>>

Captain Jack: I've never been able to figure that out...IMO, he took a HUGE RISK by waiting so long to lower rates and in the process he has demonstrated how out of touch he really is. The markets are looking for some clear guidance from The Fed (which is rare)...If Greenspeak would lower rates .25 pts tomorrow and say that's the end due to the early stages of a recovery, then we might see a very positive response...Fasten your seat belts...tomorrow could be interesting....=)

Best Regards,

Scott
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