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Strategies & Market Trends : Drillbits & Bottlerockets -- Ignore unavailable to you. Want to Upgrade?

To: SmoothSail who wrote (13)	1/3/2001 5:47:45 PM
From: Poet	Read Replies (1) \| Respond to of 15481

Hi Smoothsail, bp, and other assorted friends. Nice thread JXM has here! And what an auspicious day to begin it. I've got it bookmarked. I unwisely chose tonight to have a dinner party. Here's the menu: Sesame cheese pennies and assorted cocktails Flank steak with ginger bearnaise roasted potatoes with rosemary Arugula and parmesan salad Coffee gelato with chocolate-brandy sauce

To: SmoothSail who wrote (13)	1/3/2001 5:48:14 PM
From: MulhollandDrive	Read Replies (1) \| Respond to of 15481

Well M, the dark cloud to the silver lining of the rate cut may just be that the economy has headed into the hard landing that AG was trying to prevent. I think the Bush probably got an earful at the economic summit. Maybe AG was on the speakerphone....<vbg> I hear it's hot out there...

To: SmoothSail who wrote (13)	1/3/2001 6:29:43 PM
From: Peach	Read Replies (1) \| Respond to of 15481

SmoothSail, I just caught the tail end of the local Austin news. They were briefly interviewing the Poobahs of business. The fellas were complimenting Greenie on his "agressive" move. Jack Welch said they were having lunch when they heard about the rate cut. Mr. Welch said they all raised a glass of water to Mr. Greenspan. ;-) Peach

To: SmoothSail who wrote (13)	1/3/2001 8:39:40 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 15481

Interesting that Bush was meeting with all the Poobahs of business and then right in the middle of a trading day, in the middle of the week, in between Fed meetings, down go the interest rates. Not unprecedented. October 15, 1998 at a quarter after the hour.... It's always about a quarter after the hour. The real time is about 13 minutes after the hour.... The Fed chopped 'em then as well. Threw the market into a buying frenzy, it did. As much as people would like to think that Bush had something to do with this it is doubtful, in my opinion anyway. Unless everyone thinks that Clinton had something to do with the rate cut during 10/98. Now that is something I never considered. EDIT It's so hard to respond to an SI post that no longer am I able to debate. My sense is that, contrary to media opinion this cut makes the proposed Republican Tax Cut more difficult to implement. Someday maybe this device known as SI shall make posting easier. Until then I cannot pursue this.