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To: David Lee Smith who wrote (39487)12/28/2000 1:13:49 PM
From: adcpres  Respond to of 42787
 
I agree. The FED does not react to noise in the economy. It takes several months to see a trend. The economy is slowing not crashing. The FED probably wants to wait to see if its neutral stance is justified. The market is impulsive the FED is not. GH



To: David Lee Smith who wrote (39487)12/28/2000 1:31:33 PM
From: Les H  Respond to of 42787
 
changes to fed rates since 1990

the-privateer.com

rates are no guarantee of a rising market if the economy has yet to enter a recession. GDP growth rate slowed to 1.9% in early 95.