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To: GST who wrote (114172)1/4/2001 1:45:03 AM
From: Mark Fowler  Read Replies (2) | Respond to of 164684
 
Gst i been saying here we had two priced in maybe a little more the 30 yr. yield was at oct'98 levels if the FED didn't come in with at least .5 basis points this market would of tanked, everything was on the verge of going into the shitter. That's why i couldn't figure out why the hell AG would allow this market slide into depression levels...ANd that's where it was headed. I think this will stabilize this damn slide. Now we might have some further pressure from the dollar on our markets near term but i think this administration wants a weaker dollar to help our exports.



To: GST who wrote (114172)1/4/2001 2:12:13 AM
From: H James Morris  Read Replies (1) | Respond to of 164684
 
>I was truly shocked by this move and I wonder what is going on to provoke such drastic action.
Gst, I'd say fear of a melt-down none of us would want to see.
The credit risks our commercial banks currently have are not limited to .coms!