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To: slacker711 who wrote (84797)10/25/2000 9:38:23 PM
From: Cooters  Read Replies (1) | Respond to of 152472
 
Slacker,

<<However, this is precisely the type of slowdown which the FED can combat. Rate cuts would be effective in a situation like this....
>>

Correct. The Fed has never, in my experience, been more properly positioned to react to a slowdown than now. All important macro indicators would allow a sharp reduction in Fed policy without adverse impact. The important point in this debate is the Fed has NO interest in saving the NAZ. They WANT the NAZ to decline. Their interest is the economy, or more accurately the confidence in related institutions, and they have unprecedented leeway to react.

Cooters

PS - Bearish sentiment is good, my friends.



To: slacker711 who wrote (84797)10/25/2000 10:35:11 PM
From: marginmike  Read Replies (1) | Respond to of 152472
 
Last time I checked PC,Cellphones, and other tech's are all dependent on Energy IE oil.