Stockman Scott's Political Debate Porch Message Board

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Politics : Stockman Scott's Political Debate Porch

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To: Baldur Fjvlnisson who wrote (4247)	8/9/2002 12:07:38 PM
From: Jim Willie CB	Read Replies (2) of 89467

on CNBC a former FedGovernor was quoted "dont expect cut" he said the stock market is falsely pricing in a Fed rate cut I cannot remember his name he said the Fed has cut so much and the economy is showing some signs of vigor and stock market will have to remove the cut expected from current prices my personal take is consistent with that CNNMoneyStaff guy the Fed is shooting blanks if it cuts rates I believe in 1931 the Fed last cuts had absolutely zero effect the result was another 40% downleg !!! we could have seen a Goldman Sux ploy to trigger a bear rally I am convinced these thieves are shorting the indexes with leveraged index option puts after a couple days of rally / jim

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