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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: craig crawford who wrote (4426)	12/22/2000 4:13:06 AM
From: fedhead	Read Replies (2) \| Respond to of 57684

What I don't get is why the market sold off after the Fed didn't cut ? The Fed practically said they would cut in their next meeting. So why the vicious selloff ? I would have thought the market would rally to price in the rate cut and then have a selloff on the news of the rate cut. Instead we have CSCO hitting new lows , the opticals taking it in the gonads after bieng so oversold. I think the market is recognizing that the economy is freezing over really fast and is trying to discount it. I don't think a rate cut will rally the market very hard either. We will have an anemic bounce which will be sold. I know you will take my negativity as evidence that you are on the right track. God knows the number of times the market has fooled me this year. Anindo