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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures -- Ignore unavailable to you. Want to Upgrade?

To: Chip McVickar who wrote (665)	1/3/2001 2:26:41 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 12410

I think the dust has to settle and I could look at the charts after the markets close for the day, but I think it may be safe here to say that the surprise 1/2 point rate cut greatly reduces the likelihood of any serious market decline from here... we may not rally like fireworks, but we're not going to see that widely talked about market slide into oblivion... (gulp) Most rate cuts take about 6 months to get into the economy and these markets generally look 6 months ahead, therefore I think it may be reasonable to believe at this point that buying into these sharp sell offs was the right thing for me to have done.....<g> wheew!!! I would have bought more had these markets gone much lower, but I'm glad for what I did so far.....<g> GZ