To: John who wrote (67895 ) 1/29/2001 11:38:29 PM From: jmanvegas Read Replies (2) | Respond to The Fed should aggressively lower rates by 75-100 basis points on Wednesday. 50 points is already assumed by the markets so what's the big deal. The markets need to be shaken up and surprised. Giving the markets what they expect doesn't do anything at this point. If the markets were so enamored with the supposedly 50 point drop, the Naz would be trading over 3000. It ain't. Unfortunately, I don't believe the Fed will lower by more than 50 points. But I keep hoping that AG and his octogenarian cronies see the handwriting on the wall and that doling out 50 point cuts at this stage of the game is not gonna cut it. It's not fun reading everyday about another massive layoff. It's not fun seeing energy prices getting out of control, especially utility prices. According to a CBS report, the California crisis is going to get much worse this summer - much worse. Thousands of Californians are calling Salvation Army (of all organizations) to help them pay utility bills that have tripled recently and are expected to rise even further. What are we going to see? People dressed as Santa Claus during summertime standing outside supermarkets asking for quarter donations to help fellow citizens pay their utility bills.
