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Technology Stocks : Advanced Micro Devices - Moderated (AMD)
AMD 214.990.0%Dec 26 9:30 AM EST
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To: Pravin Kamdar who wrote (55434)9/15/2001 7:21:54 PM
From: Dan3Read Replies (2) of 275872
 
Re: Good luck to everyone on Monday morning.

I expect that Greenspan will do whatever is necessary, including full percent plus rate cuts, to keep the markets from a meltdown. If rate cuts don't do it, Fannie Mae can be directed (and subsidized) to buy mortgages at 5.5 or 6%. Some of the liquidity resulting from refinancing etc. injected into the economy would certainly buoy up the markets. While it might take a few weeks for Fannie Mae actions to impact the economy, knowledge that it was going to happen would affect the markets instantly.
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