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

To: Eski who wrote (25585)	12/17/2000 10:33:56 AM
From: Jim Willie CB	Read Replies (3) \| Respond to of 65232

I am surprised how broadly news commentators and guests truly believe the Fed must cut rates at least 25 bpt right away on Tuesday, and not wait they point to econ numbers picking up speed downhill they point to 50 bpt drop in 30yr TBond yield in last month they point to 30 bpt drop in 3month TBill yield in last month the steeply inverted yield curve is simply inappropriate now even experts cannot defend status quo it might be critically important for the Fed to demonstrate that they have not lost control some think a rate cut would cause a panic in stocks I think those experts are 180-degrees off a 25 bpt cut Tuesday would be a small bone in the next two weeks, retail investors will dominate we might see a retail reflex rally to help rectify oversold conditions just like TGvg Friday, which was a single day sample of this phenomenon since then, Greenspan has changed tune considerably reminds me of late August, when Naz rallied to 3400 when Houses returned, they took it down real fast might see same thing: up until Jan2-3, then down to test lows Houses will largely be home for holidays warnings should cease & desist for the time being / jim