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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: pompsander who wrote (9763)	1/3/2001 6:59:58 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

pomp, you can add to that a whiff of "Asian flu" IMHO, usually, the fed did not move until such have come to the fore, maybe they are learning. I did not expect the Asian flu to come around until next week (when the Nikkei really start trading it was closed most of this week, I think it starts trading tonight). The question is how much will the market discount, will they discount the 9 months down the road beneficial impact even if the next two quarters will stink? Often after the first euphoria posy a fed cut, reality sinks in, when the cut is a very urgent cut like today, maybe the reality that need to sink in is even uglier than I thought (my model did not have a recession, just reevaluation of the valuation metrics, coupled with a slow down of one or two quarter to sub par growth (in the 1% to 1.5%). The fed urgent move may indicate that this was too "conservative". Zeev