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To: yard_man who wrote (34137)	11/6/2000 1:42:47 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 436258

no it isn't. it is however also far from clear-cut. the Fed is watching several inflation indicators, some of which have lately sounded alarm bells. in the 70's, the Fed made the mistake of ignoring these indicators, and cave in when the economy went into recession, producing stagflation as a result. not a mistake likely to be repeated imo. so it is definitely WAY too early to pin one's hopes on rate cuts. also, as i have mentioned in a previous post, rate cuts do not automatically imply a rallying stock market. it depends on the surrounding circumstances.