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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?


To: Stoctrash who wrote (36542)1/30/2001 5:43:02 PM
From: IQBAL LATIF  Read Replies (1) | Respond to of 50167
 
I did not get your post, but i thought may be you wanted to know the source of my info..I have posted that,, for me I thought AG will announce a cut today instead of tomorrow of .5% and will keep the other halve dangling ( rahter i would have htought he will see to it that key resistances are taken out, so much of economy depends on markets the deficits atleast.

Very difficult to sell the market in this environment.. we have to look beyond not one quarter but two, market has already built in two quarters bad news.. I think steep cuts and rejection of old gaurds will help the earning environment..



To: Stoctrash who wrote (36542)1/30/2001 5:43:12 PM
From: IQBAL LATIF  Read Replies (1) | Respond to of 50167
 
The basis of my post was this email from a source that I respect..
I thought that was worth sharing considering that we all saw what happened after that a move of DOW to 170 plus..
<<From: "Bank Of " <@wanadoo.fr> | Block address
To: <ilatif@yahoo.com>
Subject:
Date: Tue, 30 Jan 2001 16:57:55 +0100
Add Addresses


Hi Iqbal

US CONSUMER CONFIDENCE FELL TO 114.4 IN JANUARY VS 128.6 LAST.

THERE IS A MARKET TALK OF 75 BP RATE CUT AT FOMC

CONSUMER CONFIDENCE IS CLEARLY IMPORTANT TO THE FED. REMEMBER THAT THE FED CITED IT AS ONE OF THE FACTOR MOTIVATING THE 3 JAN RATE CUT.

REGARDS