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To: H James Morris who wrote (112823)12/16/2000 12:27:44 AM
From: Mark Fowler  Read Replies (1) | Respond to of 164684
 
>A Labor Department report showing a higher-than-expected inflation reading also surprised Wall Street,
which is counting on an interest-rate cut early next year. The Federal Reserve, which sets the nation's
monetary policy, previously has cited inflationary pressures as reasons to raise interest rates. <<

Infaltion what inflation? That report is bullshit. Look at the link i see the PPI is contracting.
The consumer is not spending. Trust me Jim the psychology out there sucks very few thinking about making big purchases other than Basic products.

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To: H James Morris who wrote (112823)12/16/2000 3:12:45 PM
From: GST  Read Replies (2) | Respond to of 164684
 
Recession? Yes, a profit recession, but not an economy growth recession. Don't be fooled -- the stock market is overvalued -- in some cases it is way overvalued. A cut in rates won't stop this snowball any time soon -- unless we see a half-point drop in short rates this week -- almost impossible.


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