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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Mike M2 who wrote (88251)	1/11/2001 3:18:45 PM
From: Don Lloyd	Read Replies (1) \| Respond to of 132070

mike - ...My feelings about gold stocks are that I am prepared to hold them into bankruptcy... Their bankruptcy, your bankruptcy, or both? -g- Regards, Don

To: Mike M2 who wrote (88251)	1/11/2001 8:49:16 PM
From: Shane M	Read Replies (2) \| Respond to of 132070

Mike, Many here often seem dissappointed when fed cuts fuel the market - basically saying the rate cuts lead to asset inflation in the form of stock market prices. I understand that, however in this case the rate cut didn't fuel the market (except for a day or two which was quickly given back). Is this not the preferred response to a rate cut, however? Greenspan would like to be able to cut rates without sending stocks through the roof and that's what he got this time. The lower rates will be able to stimulate demand in the real economy rather than the market. Shane