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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: IndexTrader who wrote (3034)	1/2/2001 3:26:17 PM
From: John Pitera	Respond to of 33421

Hi Susan, Thanks for the complement. The NASD is within 80 points of my 2199 level and the bond market is having a price blow off that is looking like the few days prior to Oct 5th 1998. we have a new group of voting Fed Gov's and they are not as Hawkish, as some of the leaving Gov's. A new group of Fed presidents took over the role of policy voting at the turn of the year. Out are year 2000 voters Jordan, Broaddus, Parry and Guynn. In are a slightly more dovish crew. As FOMC vice-chairman NY Fed president McDonough always holds a seat on the voting committee. Chicago's Moskow alternates with Cleveland's Jordan. The remaining 3 regional Fed presidents are Boston's Minehan, Kansas City's Hoenig and St. Louis' Poole. The growth risk assessment issued after the last meeting leaves Greenspan in charge of an intermeeting move if he deems it necessary. The 10 policy voters -- the 5 regional presidents and the short-staffed group of 5 Fed governors guide the policy directive on January 31. Both Fed Gov Meyer and KC president Hoenig step up to the soapbox on Saturday to groups of economists and financiers.