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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: werefrog who wrote (54512)	12/19/2000 3:58:15 PM
From: Ian@SI	Read Replies (1) \| Respond to of 74651

federalreserve.gov If after reading this, you still don't believe that the Fed moved its bias all the way from tightening through neutral and stopped at easing, I have only one question. What is your first language? It's obvious that your English comprehension is minimal. +++++++++++++++ Release Date: December 19, 2000 For immediate release The Federal Open Market Committee at its meeting today decided to maintain the existing stance of monetary policy, keeping its target for the federal funds rate at 6-1/2 percent. The drag on demand and profits from rising energy costs, as well as eroding consumer confidence, reports of substantial shortfalls in sales and earnings, and stress in some segments of the financial markets suggest that economic growth may be slowing further. While some inflation risks persist, they are diminished by the more moderate pace of economic activity and by the absence of any indication that longer-term inflation expectations have increased. The Committee will continue to monitor closely the evolving economic situation. Against the background of its long-run goals of price stability and sustainable economic growth and of the information currently available, the Committee consequently believes that the risks are weighted mainly toward conditions that may generate economic weakness in the foreseeable future. ++++++ And the statement, "The Committee will continue to monitor closely the evolving economic situation. " contains a strong implication that should conditions continue to deteriorate, an intermeeting easing may very well occur.

To: werefrog who wrote (54512)	12/19/2000 4:31:37 PM
From: Frank Ellis Morris	Read Replies (2) \| Respond to of 74651

Technology Tanks after Fed Meets. Mr Greenspan would do the country well to resign. Thanks for the no action Christmas present Mr. Greenspan. "The Fed's interest-rate-setting Federal Open Market Committee warned the economy was slowing so fast that there was a risk of a sharp downturn. The warning, interpreted as a signal that the central bank would slash interest rates in the future, was a disappointment to some investors who had bet that the U.S. central bank would take an even more aggressive stance. "I think the market had priced in some chance that they actually could cut rates today," said Scott Brown, chief economist at Raymond James And Associates. "But they sort of met the markets halfway today. A January 31 rate cut is almost a done deal," he said. It was my long stand that the reappointment of Allen Greenspan as head of the Federal reserve was a grave error. Today was the last straw of patience as once again hostility and aggression bias against the US economy was the norm. Today's action was not only infuriating and contemptible but downright despicable. Mr Greenspan should be named Mr Redspan or the Grince who stole the spirit and confidence of the American investor. I would urge that all of us write to our leaders and voice our strong disapproval of the Feds unrelenting hostility. If anyone wants to write and tell me how wonderful Mr. Greenspan has been over the past gazillion years spare me the bullshit and take it somewhere else. I think most of us had enough of this hostility and disappointment and are completely Fed up with the Fed. Frank