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Strategies & Market Trends : P&S and STO Death Blow's

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To: Zeev Hed who wrote (14496)11/10/2002 1:32:00 PM
From: _scar_face_  Read Replies (1) of 30712
 
200 is fine. It's just that the 1222 call was made before the "market implosion" call if they were to cut .50. It's easy to assume from your prior call that a implosion suggests a far deeper retrenchment than the 1222 level (which was made on the basis of no rate cut, or at worse a .25).

Had you mentioned at the time of the market implosion call upon a .50pt rate cut, that "unless exuberance is lacking in depth and breadth".. (or any indicator that could change it for that matter).. "that will change", it would be more understanding at THAT time. A 20/20 hindsight indicator change can be construed as a contradiction, while putting forth specific exceptions to a call beforehand can add more credence to the accuracy of a call. I'm not saying it was, but it came across as political if you will. Implosion suggests it is immune to other indicators, and there was no sign of any exception to it within the context of your post on that matter or any others regarding a .50 rate cut.
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