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To: AllansAlias who wrote (49189)12/19/2000 4:48:02 PM
From: UnBelievable  Respond to of 436258
 
That Was The Beauty of The WSJ Article

Last week we rallied (10% $COMPX)on the assumption we would go to even this week.

How to reassure without re-inflating?

Leak the rate cut, announce recession balance of risk, and the market falls based on unrealistic expectations.

The objective is to bring the market down without bringing the economy down - no small trick.

But I think think someone should get a little credit for this strategy.

Although the idea of a senior official at the Fed actually leaking to a reporter is very troublesome.