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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 685.69+0.2%Dec 5 4:00 PM EST
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To: Doug who wrote (81911)9/23/2001 10:10:49 AM
From: Patrice Gigahurtz  Read Replies (2) of 99985
 
If Mr.G continues to act like we don't need any more %rate cuts then your S+P 800 looks like a cinch. The markets were expecting %2 rates last week and if FMOC is seen as lacking the will to do that then the markets could continue to tank next week. The last thing the markets wanted to hear was Mr.G telling Congress that we should move slowly with regard to fiscal matters such as further tax cuts, etc. We need action last week and all we got was 1/2% plus more Fed-babble-speak; just what the markets doesn't need at this time.
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