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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: jmac who wrote (24553)12/12/2000 11:10:33 PM
From: Jim Willie CB  Respond to of 65232
 
deleted



To: jmac who wrote (24553)12/12/2000 11:12:23 PM
From: Jim Willie CB  Respond to of 65232
 
Naz +60... tend to disagree, only technically

tremendous uncertain has beem eliminated
a clear path now to focus all eyes on the Fed
the view of the Fed will be one regarding a benevolent manager
no clutter in attempting to maintain such view

the Fed is now on record as moving away from tightening bias

the only remaining question is how much additional evidence
does the Fed need to see before actually cutting rates ???

the Fed now has its own perspective
they now have a clear path to act without encumbrance
they can say what they need to say when they need to say it
they might have acted differently at the last FedMeet in Nov

/ Jim