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Strategies & Market Trends : The Amateur Traders Corner

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To: Brasco One who wrote (14339)	9/29/2001 8:49:17 PM
From: Tom Hua	Read Replies (4) of 19633

Donny, some so-called analysts just don't get it. They think the Fed must cut 75 bp to fuel a rally. Since when is the Fed's monetary policy catered to fueling a one-day rally in the market? Greenspan has cut 8 times this year and look where the market is today compared to the first cut. Some analysts believe another rate cut of a half-percentage point, or 50 basis points, has been factored into the market. So they believe the Fed will have to do the unexpected -- cut rates by a more aggressive 75 basis points -- to fuel a rally. biz.yahoo.com Althought the consensus out there is 50 bp, I think for the first time this year Greenspan will do the unexpected and it ain't 75 bp. Regards, Tom

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