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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: dppl who wrote (24911)	1/27/2000 7:32:00 AM
From: j g cordes	Respond to of 71409

Thomas, although the Fed is supposed to be neutral, its not unreasonable to suggest it will attempt to aid the upcoming Presidential election by depressing (to the extent it can) the economy, then releasing the brakes for a voter friendly economic rose garden this Fall. Banks, being at the fore front in responding to Fed policy, will benefit. The question is timing what the Fed perceives might be the response cycle to their policy changes. Get in when they are looking their most imposing and constraining, then ride the financials up as money supply and interest rates become friendly. Jim

To: dppl who wrote (24911)	1/27/2000 8:25:00 AM
From: j g cordes	Respond to of 71409

Continuing banking topic brings to mind Fannie Mae, FMN. They are doing very well, are independent of profit margins being squeezed by yield curve because they make their money on the spread, and technically look based for a run. Some positive attention has been coming from analysts. Last, with techs floating on air, conservative, well run debt infrastructure plays just might be a good place to collect safe haven money. Looking at 5 or 8 month out calls, will post what and when I purchase today or tomorrow.. want to do one last look at FNM's price compared to a few other indexes. Jim