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


To: SecularBull who wrote (26178)12/20/2000 12:28:52 AM
From: Jim Willie CB  Read Replies (4) | Respond to of 65232
 
the onslaught of warnings since the Greenspan speech tipping off easing bias undercut your theory

expectation of rate cuts prop up Naz
earnings warnings drag down Naz
far more warnings than events which highlight rate cuts

until first Fed rate cut, Naz declines

the notion of Naz being lifted by an interim Fed rate cut is absolute nonsense
an interim rate cut will come only in response to a panic

beware, wishful thinkers
/ jim