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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: Paul Kern who wrote (5726)	1/28/2001 10:29:11 PM
From: Tom Hua	Read Replies (1) \| Respond to of 19633

the FOMC has never authorized back to back 50 basis point cuts. Paul, there's a first to everything. A great majority (95%) of economists surveyed predict a 50 bp cut, and they were always right in the past. Greenspan's statement of zero growth is as clear as one can get from him to justify a 50 bp. The Dec employment report comes on Friday, NAPM on Thursday, both after the Fed decision on Wednesday. Don't count on 25, ain't gonna happen. Still, I'm betting on a moderate sell-off after the 50 bp cut. Few more earnings plays this week. At this time I see 4 potential short candidates tomorrow. Doing some final review in the morning. Regards, Tom