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

To: Zeev Hed who wrote (61881)	11/4/2000 11:24:26 PM
From: 10K a day	Respond to of 99985

Zeev.... It's those Buggy EYES... I can't stand those Buggy Eyes! :0)

To: Zeev Hed who wrote (61881)	11/4/2000 11:54:19 PM
From: Gary Burton	Read Replies (1) \| Respond to of 99985

Zeev--Greenspan will become miserly long before the GOP controlled congress actually passes the tax cut, as you know. ---the biggest risk to the stock market near term is if W wins and the GOP maintains control of both houses--just watch how fast the winds shift re hope for a rate cut to help the earnings outlook. I would say in a matter of hours. Folks, let's be realistic here (vbg)-mega tax cut plus soc sec fund money to buy more stocks= mucho mucho stimulous to furthur enlarge the bubble, the very thing G has being trying to let the air out of gently. No one in his right mind is going to quickly cut interest rates in addition. No way no how. So, the mood on the street will very quickly turn to "the Fed IS going to wait too long because W has thrown down a preemptive bid== recession risks will have actually increased significantly overnight since monetary policy acts faster than fiscal policy and the Fed won't play ball as well it might have otherwise. I would be surprised if took longer than say 11am next Wed am for the consensus to turn in this direction--if the GOP sweeps. What surprises me is that at the margin, the market has yet to adjust for this 'most likely' outcome.