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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: HairBall who wrote (25195)	9/8/1999 1:11:00 PM
From: Robert Rose	Read Replies (1) \| Respond to of 99985

Thanks for the link, LG. It is hard for me getting through all these posts, this AM! So much food for thought.... btw, just want to again affirm that this is one of the very best threads on certainly THE best financial site on the net. Again, thank you for all of your work and dedication. It is very much appreciated.

To: HairBall who wrote (25195)	9/8/1999 1:35:00 PM
From: Susan G	Read Replies (1) \| Respond to of 99985

13:12 ET Fed Governor Meyer : Ready for another media hack job? It was just reported on CNBC that Meyer said that the Fed's neutral directive was a "work in progress," implying that the Fed might be shifting to a tightening directive. That is completely wrong. Meyer says that the Fed's strategy of announcing changes in the bias is a work in progress; he is clearly not referring to the current neutral directive. Meyer's speech was somewhat hawkish, but not anymore than is usual for him -- he has believed for the past few years that the current growth rate is unsustainable. He still believes that. No surprise there.