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


To: jmootx who wrote (65418)12/28/2000 5:57:04 PM
From: Haim R. Branisteanu  Read Replies (2) | Respond to of 99985
 
Nope I think it is important to keep in mind that 2002 are congressional election and the economy must be humming by then if republicans want to keep it.

So it is a dangerous play with the economy memories fade but not if losses are substantial. RE is usually lagging the stock market and is the most important asset in all families, being under water with your mortgage will not place a republican in congress.

BWDIK
Haim



To: jmootx who wrote (65418)12/28/2000 7:01:46 PM
From: Crimson Ghost  Read Replies (2) | Respond to of 99985
 
My interest rate take is a bit different. Greenspan will cut, but much less than many on Wall Street predict even if Bush proposes just a modest tax cut. The sharp rally in cyclical stocks of late is bound to raise questions as to how bad the economic outlook really is.

The bond rally is just about over IMHO. I doubt that Greenspan will cut more than 50 BP during the first half of 2001 unless the OLD ECONOMY stocks tank over the next few months. The sharp drop in the dollar of late is another factor that will keep Greenspan from cutting too aggressively.