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

To: RocketMan who wrote (61900)	11/5/2000 9:01:28 PM
From: Gary Burton	Respond to of 99985

Rocketman--suggest you revisit prior times when Fed was faced with an unwelcome fiscal stimulus (unwelcome in their eyes-not yours or mine))--history shows that the Fed hangs tough and also has the independence and resolve to see it through regardless of gov't jawboning. If anything, the Fed will get even more resistant if the gov't tries talking them down. Fact of life in the real world. From a stockmarket standpoint only--and ignoring the first few hours on Wed--those long had best pray for a divided 3 ring circus in order to assure that nothing gets done. My working assumption is that the Fed is probably hoping that Gore hasn't shot himself in the foot too much and that he can slip through in electoral college votes. That way, they will likely feel less need to remain rigid on rate policy --I say this without ANY political favouritism on my part at all. At the moment, I'm 100% in cash, although that can change on a dime. My gut is simply telling me to be highly cautious in here notwithstanding the seasonal effect (which everyone already knows about anyway) as Tuesday night is now a tossup and the GOP already controls both houses.