Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: werefrog who wrote (54522)	12/19/2000 4:53:42 PM
From: gao seng	Read Replies (1) \| Respond to of 74651

You aren't the only one who misunderstood. But the market's initial reaction to the news appeared to be on a mistaken interpretation of the FOMC's guidance. Traders were at first thrown by the wording of the FOMC statement, which underlined the committee's decision "to maintain the existing stance of monetary policy." That hawkish-sounding phrase meant nothing more than that Fed wouldn't cut interest rates this time around, as only a bullish minority of stock investors had expected it would. Softens bias In fact the Fed was fairly bullish in its own right. Instead of merely adopting a neutral stance on rates, the Fed swung its bias toward combating a slowing economy, marking an end to its 19-month-old bias toward fighting inflation. upside.com