Bob Brinker: Market Savant & Radio Host Message Board

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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: Cents who wrote (8505)	10/20/1998 3:28:00 PM
From: Diamond Jim	Read Replies (2) of 42834

Re: "Why is there renewed bullishness in the marketplace the last few days? Is it bc of the recent .25 rate cut? If so, had Greenspan announced a 1/2 % cut at the last Fed meeting instead of only 1/2 percent would the enthusiasm still be the same? Why does this recent additional cut mark the bottom for the stock market as many analysts are saying?" First, I think you mean 1/2 instead of 1/4 at the 1st Fed meeting. I think the reaction to 1/4 was just like a spoiled child having a tantrum, the market threw up all over itself for a week or two, while CNBC ran all the negative news they could find. They psyched the market down as a collective group for a while and now it rises back up. Is Asia better?, is Russia better?, is Mr.Cigar any more moral?, did the last month change any companies earnings? jim

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