Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Jordan who wrote (55887)	1/9/2001 4:34:24 PM
From: pater tenebrarum	Respond to of 436258

yes, the concern i voiced applies more to the aggressive lenders like PVN. there's a general flight out of financials though, and AXP is part of that. i've no idea if there are additional concerns w.r.t. AXP, but there may well be. a slowdown in consumer spending can't be good for them. this thing going sideways for a month? i frankly doubt it...volatility has been steadily increasing, and i think it'll increase even more before everything's said and done. the Fed WILL cut again at the end of Jan, that much is predicted by the FF futures (the most reliable indicator regarding Fed policy). however, a lot can happen until then...btw., i don't believe another surprise cut is in the cards, unless something really goes badly wrong in the system. they already signaled they're in a panic, any more and they may in fact precipitate a panic in the financial markets.