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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (4967)	1/5/2001 2:46:24 PM
From: Paul Kern	Respond to of 19633

Greenspan is to unemployment as the ground hog is to his shadow and I'm afraid that AG saw the employment figures today and crept back into his hole where he will remain until Spring. On the other hand, he reacted quickly and strongly to the NAPM numbers so maybe there is hope for another cut soon. I'm sure that lots of people have gone broke trying to predict what he will do but in his HH testimony and other statements, he has voiced concern, many times, about wage inflation. I would look for a 2 or 3 tenths increase in unemployment before another rate cut. Another thought, this last cut could have been political to head off the GOP tax cuts and have it on the books before GW takes office. Paul