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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Earlie who wrote (86998)	12/16/2000 7:01:57 PM
From: Mike M2	Read Replies (2) \| Respond to of 132070

Earlie, a prudent central banker would be worried about a potential dollar crisis and be very afraid of rate cuts but a prudent banker would not have created such a bubble in the first place. I'm betting for a rate cut soon ( maybe not next week)and he'll hope for the best with the dollar. mike

To: Earlie who wrote (86998)	12/18/2000 8:18:25 PM
From: John Pitera	Read Replies (2) \| Respond to of 132070

Earlie, it is interesting to see the history of Fed Action. No Cut tomorrow. look at the DJIA up 200 points today. that's my guess. I do see that their was a dovish article on the FED in today's WSJ Treasury Summary: Another pretty good day for Treasuries, as momentum buying remained all the rage. Of course, with no economic data on which to focus, the market was rather obsessed with a friendly article in this morning's WSJ suggesting that the Fed would be more aggressive in countering the recent slowdown. In other words, thoughts of a shift to an easing bias, or perhaps even an outright cut in rates began to dance through traders' heads. Not surprisingly however, stocks seemed a bit more giddy than bonds.