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


To: Oral Roberts who wrote (54)1/3/2001 9:09:55 PM
From: Jorj X Mckie  Read Replies (3) | Respond to of 15481
 
Nikkei not having a good day. CFZ thread suggesting that this is because Japan knows that a panic rate cut isn't a good thing. But could it be because money is leaving the japanese market to come back into the US market?

finance.yahoo.com^N225&d=1d

Just thinking out loud.



To: Oral Roberts who wrote (54)1/3/2001 9:41:45 PM
From: AugustWest  Read Replies (1) | Respond to of 15481
 
I think that Alan see's the need to put some money back into the people's hands with both a tax cut and a rate cut.

Though George spoke highly of a tax cut for every working person this afternoon on the tube, I wouldn't be surprised to NOT see on this year.

Especially if we get another 25BPs end of Jan. and another in March.



To: Oral Roberts who wrote (54)1/3/2001 9:42:14 PM
From: Patrick Slevin  Read Replies (1) | Respond to of 15481
 
My point was that it would not have mattered if Bush, Al Gore, Ralph Nader or Pat Buchanan was in office. If the Fed was going to cut rates then they were going to cut rates.

Unlike most, I don't think Alan Greenspan is going to bow to the wishes of a 50/50 president, nor any president for that matter. I do not think that AG is that malleable.



To: Oral Roberts who wrote (54)1/3/2001 9:49:17 PM
From: AugustWest  Respond to of 15481
 
but earnings are not going to change tomorrow.


That's gonna be the hooker, IMO. After the euphoria of the jan 31st cut, we'll have a few treading days where everything is back to "normal" where earnings don't matter, P/Es, what are those?

Than it will start with the retailers. Tell me those suckers aren't going to warn????? The test will be in the techs. I give it about a 50% chance of some big dissapointments. If they all are okay on earnings and forward guidance, than we might have a decent year. If not, shit gonna hit the fan and nothing gonna be able to unplug that fan, all my opinion of course!