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To: American Spirit who wrote (43659)12/16/2000 9:55:32 PM
From: jjetstream  Read Replies (2) | Respond to of 57584
 
<The opposite of what is expected. That's been the norm recently.>

...and to that end...everyone is expecting, no pleading for AG to reduce rates next week....IMO he must let the ECONOMY flow and twist & pull & tweak & pinch, when the various buttons need it....and while the markets are a subsection of the economy, they are not the end all, he is thinking globally here, perhaps a mistake I'll admit, however the billions of dollars lost in the equity markets are a small piece of the overall pie he must keep fresh......

growth is slowing...that was the goal
unemployment is rising....that was the goal

JDSU @ $70......doesn't care
CSCO @ $50.......again he doesn't give a rats azz
MSFT @ $50........not his concern

I don't think we are quite where AG wants us yet....so next Tuesday....no rate cut...maybe, just maybe a more loosing of the *future* rates.........



To: American Spirit who wrote (43659)12/17/2000 3:05:36 AM
From: SirRealist  Respond to of 57584
 
What market trouble? The Dow doesn't seem to be at sufficient risk to warrant strong Fed actions at this pt. A quarter point would be nice, but....

As for expecting a Bush rally, since history indicates otherwise, I certainly expected just what happened. Additionally, Gore has been one of the biggest tech boosters in DC for some time.

But politics is not the issue. A drop to 2422 puts us at the second week of March 98, and this is the next likely bottom we'll see. I'd be happy with a decent rally off the mid-January bottom.

Just trade 'em up & down and avoid the tax-loss dumpoffs till we get past it all.



To: American Spirit who wrote (43659)12/17/2000 5:15:37 PM
From: cyberian-husky  Respond to of 57584
 
Not only does the hard landing effect our economy, but it has also taken the wealth away from a great deal of boomers.
Greenspan's mission is accomplished and has put a hard dent into the economy which this technological revolution is capable of repairing.
He's not going to allow the economy race away like it had been. He will keep a tight hold on interest rates and prevent the markets from racing away like it had been. It won't take much to get this economy jump started once again.
I believe we will see a 1/4 point this week and another 1/4 point at the next meeting. From there we should be able to run at a normal speed.
Look for the dollar to stabilize and oil to begin dropping (it has already made a top IMHO).

The panic in the street should be taken advantage of.
At least used to average into some quality LTB&H tech positions.
Those who have been beaten up badly should wait to commit until the markets have based for a while.
There will be plenty of time to make money in this market.
It all doesn't have to made within the next week, month, or longer.
Just an opinion.