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Strategies & Market Trends : Angels of Alchemy -- Ignore unavailable to you. Want to Upgrade?

To: SirRealist who wrote (23572)12/19/2000 2:18:46 PM
From: Patricia Meaney  Read Replies (1) | Respond to of 24256
 
Unbelievable!



To: SirRealist who wrote (23572)12/19/2000 2:21:59 PM
From: If only I'd held  Respond to of 24256
 
There's Larry Kudlow freaking out again. Why didn't he just sell his high flyers?



To: SirRealist who wrote (23572)12/19/2000 2:23:38 PM
From: hjz  Read Replies (2) | Respond to of 24256
 
Greenspan is conservative and I posted that last Friday that I would be surprised if we had a rate cut but that he would change bias. I am not sure who started the rate cut rumor but they probably wanted to rally the market to get out of some positions. If there wasn't the rumor of a rate cut, this bias change of 2 steps would be big news. This is actually good news for the markets and in the next couple of days, this will be evident.

HJ



To: SirRealist who wrote (23572)12/19/2000 2:27:48 PM
From: KevinMark  Respond to of 24256
 
No, Kev there is a change in bias, from tightening to lowering. Therefore he got as close to lowering rates as possible by passing up the neutral bias, and adopting a lowering one.


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