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To: craig crawford who wrote (114747)	1/8/2001 3:01:04 PM
From: Kevin Podsiadlik	Read Replies (4) \| Respond to of 164684

1) Greenspan wants the market higher Wrong. How soon we forget, just a week ago every tech investor in the country wanted to hang Greenspan in effigy. Now they're counting on him to help them? 2) The market is definitely going higher if he cuts again. TAKE THAT TO THE BANK By rights I should have been able to take the last one to the bank. Or at the very least taken the banks to the bank. Instead WM, for example, is down almost 10% from where I bought it a few hours after the cut (and it didn't get much of a bounce even then). Fact is, the market is not reacting anything like it did in October 98, NOT EVEN CLOSE. 3) The broad market is still in an uptrend. I will agree that the averages are in a downtrend immediate, short, medium, & intermediate if we break below 2250. So your definition of "uptrend" is "not right at the 52-week low"??

To: craig crawford who wrote (114747)	1/8/2001 7:25:20 PM
From: allen menglin chen	Respond to of 164684

Fed on Alert for More Signs of Weakening Monday January 8, 2:51 pm Eastern Time MCALLEN, Texas (Reuters) - The Federal Reserve is on high alert for signs that the U.S. economy is weakening further, Dallas Fed President Robert McTeer said on Monday. McTeer spoke a few days after the Fed shocked financial markets by slashing the two key borrowing rates it controls by half a percentage point each. Economists said the Fed made the move because it saw a rising risk of recession. ``We are going to be very alert. We are going to be very alert, looking for any weakening,'' McTeer said, underscoring the possibility of further rate cuts. Wall Street expects another reduction in borrowing costs at the end of this month. Speaking to local business and political leaders in the town of McAllen on the Texas-Mexico border, McTeer said that although the economy felt weak in the last three months of 2000, he did not think it contracted. ``I doubt that the fourth quarter was a decline,'' he said. McTeer said the weakness in the economy appeared to be concentrated in manufacturing more than in other sectors.