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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Crimson Ghost who wrote (65050)12/22/2000 3:44:22 PM
From: Vitalsigns  Read Replies (2) | Respond to of 99985
 
Rumors floating around brokerages that rate cut will come after emergency meeting after New year.

Fed meets California Governor next Tuesday to discuss California Energy Crisis and possible utility bankruptcy that total $20 billion.

Rumor started around 1:50 PM

I read your board alot and thought you needed to know

Vitalsigns

P.s Someone mentioned that Greenspan was likely holding off a rate cut until jan knowing that a rate cut in Dec would only allow for a temporary rally and cause tax loss selling into it and not last long. Maybe the old guy isn't so stupid after all :0)