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


To: IA who wrote (29769)12/5/2000 11:14:22 AM
From: Johnny Canuck  Read Replies (1) | Respond to of 68529
 
Thanks Suresh,

It looks better from the interest rate point of view as it appears the Fed is trying to talk the market into a more stable environment. So no rate decrease, but maybe an easing in stance.

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10:56 ET Greenspan Softening : Greenspan is sounding a bit soft on policy stating that credit risk insurance has removed once high-flying dot.coms from the market as firms have trouble raising prices to offset the energy cost rise. The slowing economy leaves a better overall balance of supply and demand as the labor market appears to be loosening. The stock market wealth effect has been largely reversed as consumer demand shifts lower. In sum, a slower economy and the absence of higher prices as the outlook for longer term productivity growth remains optimistic. The Fed chair is still talking but it sounds like a neutral policy risk assessment is two weeks away with a chance for an ease.