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To: Terry Maloney who wrote (60834)	1/23/2001 2:40:12 PM
From: Lucretius	Read Replies (1) \| Respond to of 436258

oh... so wed i guess...

To: Terry Maloney who wrote (60834)	1/23/2001 2:48:23 PM
From: rolatzi	Respond to of 436258

Since in these hedonic times, the market is the economy, the current recover will enable the NASDAQ to be high enough that by the time of the Fed meeting next week, rate cuts will not be required to refloat the economy. There is a delicate balance here on the part of the market makers. They need to suck money back into stocks, yet not have the market recover so much as to prevent the Fed from lowering rates. This suggests that there should be a good sell off at the end of this week. I am no going for no more than 1/4% decrease in the Fed's rates next week unless the marketed is leveraged back down prior to the meeting. If there is no sell off before the Fed meeting, then it is likely that there will be a sell off after the policy is announced. BWTFDIK, rolatzi