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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: JRI who wrote (40097)	1/5/2001 12:07:15 PM
From: Paul Shread	Read Replies (1) \| Respond to of 42787

It historically takes two Fed rate cuts to do the job. There are four examples of flat-down markets after rate cuts: '87 was flat, '60 and '81 were down, and I can't remember the fourth. '87 is an interesting parallel: when bubbles pop, you can't just turn them around on a dime. The crash of '29 turned into the Great Depression in no small part due to lack of prompt, decisive action by the Fed. Meyer and the other Fed hawks may have really done so damage here, but who knows. The market has a lot of faith in AG. He may need it here.