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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Peace who wrote (39137)12/22/2000 5:31:22 PM
From: Les H  Read Replies (1) | Respond to of 42787
 
regulators back rate hikes

enn.com

news.ft.com

Politicians have the last call. It's too bad California's ill-conceived plan is sucking energy resources from other states, and driving prices higher.

deregulation doomed from the start

buildingteam.com



To: Peace who wrote (39137)12/22/2000 6:50:04 PM
From: Square_Dealings  Read Replies (1) | Respond to of 42787
 
An emergency rate cut won't be a good thing. People still don't get it. We have banks in trouble and the fed is going to have to start bailing out some of the idiots that loaned 15 credit cards to every living being on the planet. Power companies are going bankrupt and we are rallying?

A bank crisis is hardly something to rally on. I shorted CMB and BK today. I think the rate cut news will be sold especially if it comes before the next regular meeting. It means we are in trouble and the Fed is behind. It will be a sign of weakness and that the Fed has lost control or misinterpreted the state of the economy if it comes early.

It will take 6 months for any rate cut to help and it isn't going to provide any immediate relief for the guys that are already deep underwater.

Gold stocks are acting well. They used to sell off every time the rest of the market moved up but they aren't doing that now. NEM hasn't even come back to fill its breakaway gap on this pause. Because the dollar is going to be in trouble especially if the Fed is forced to cut early in a panic.

Short the banks, long gold and municipal bonds.

M.