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STOCKTALK

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To: patron_anejo_por_favor who wrote (57489)	1/12/2001 10:05:53 AM
From: Jeff Jordan	Respond to of 436258

if Greenie is inflating....he has no choice but to endorse tax cuts....w/o them we will be doomed for stagflation in 12mos...IMO ...but, we will get them...and new energy policies also

To: patron_anejo_por_favor who wrote (57489)	1/12/2001 10:08:12 AM
From: Perspective	Read Replies (1) \| Respond to of 436258

Decreasing confidence in the next rate cut is a major factor here. If the debt markets step back from their demands for another half point at the end of the month, stocks may get very heavy. Everyone was anticipating Al's excessive largesse, ala 1998. Credit markets are now busy backing that expectation out. A printing orgy is the only thing that could save the Bubble from itself now - and even that would be just another postponement - but Al can't do it without an accomodating credit market. BC