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To: Victor Lazlo who wrote (114143)	1/3/2001 9:51:00 PM
From: Mark Fowler	Read Replies (1) \| Respond to of 164684

No victor i'm not being sarcastic who would known that the FED would come up with .50 basis points. Don't underestimate me! I know exactly what this means.

To: Victor Lazlo who wrote (114143)	1/3/2001 11:20:09 PM
From: Bill Harmond	Read Replies (5) \| Respond to of 164684

You sound to me like you were taken in by sentiment.

To: Victor Lazlo who wrote (114143)	1/4/2001 12:17:42 AM
From: schrodingers_cat	Read Replies (2) \| Respond to of 164684

>I think a lot of folks may be lured into going long and that is a mistake for now, imo. I'm with you on this. Let's not forget the reason why the Fed cut today, which is that the wheels came off the economy in the fourth quarter in general and December in particular. I'm sure that you're all familiar with yesterdays NAPM report, and may I remind you that consumer PC sales for December were down 24%, and that Ford reported car sales down 15%, and that construction spending was down and that retail sales have been poor and,...well you get the picture...the economy probably shrank in December and possibly in the entire 4th quarter. It seems quite possible that it will shrink in the first quarter as well. There is certainly a lot more bad news to come out over the next month and I don't think it is priced into the market. Not to say that the Fed cutting rates isn't a big deal...it is...but I think this is a time for caution rather than euphoria. Short term long trades with stops seems like a good idea.