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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: American Spirit who wrote (46525)	2/2/2001 1:35:17 PM
From: maverick61	Read Replies (2) \| Respond to of 57584

AS - I hope you really don't believe your comment: "Meanwhile we are seeing stocks settle at their bases thereby providing good bounce opportunities for the near future. Looks like the Fed will have to continue cutting sooner than later though. Another 1/2 point rather than 1/4 point until the doom and gloom washes off for good and everything stabilizes. Greenspan knows what he's doing I believe. Nothing to stop him from cutting again, even next week. " First, it isn't Greenie's job to keep cutting rates til the stock market is where we would like it Second, we are just coming off a month where there were 2 1/2 point cuts - thats 1 whole point in the month - something unprecedented. Don't expect another 1/2 point next week just because the market is down as you allude to Third, todays employment figures actually give lots of arguments to hold off on any further cuts for some time. All that said, its possible Greenie could cut 1/4 point intrameeting given the next meeting is not til late March - but I wouldn't expect that to occur for at least a month unless something unforeseen happens. But it won't be because the market is going down. Its ok to be bullish if you want, but be bullish for the right reasons - not the hope that Greenie will bail you out. BTW - I have been rotating out of techs the last week, rolling into more typical fed easing plays. Still have soem techs, many value plays, but also have built up cash to use for buys when I feel the environment is right. So, I am generally bullish, but more bullish in NYSE type stocks for now. Too many earnings warnings, continued capex slowing, too many big gains from Jan 1 til now, etc to get overally bullish on tech right now

To: American Spirit who wrote (46525)	2/2/2001 1:58:19 PM
From: Condor	Respond to of 57584

* The Bureau of the Census said December's factory orders increased by 1.1%, slightly higher than the expected 1.0% rise. Losses in orders for computer and office equipment were offset by gains in the transportation sector, contributing to the month's overall rise. November's orders were revised to reflect a 1.9% increase, up from the original tally of a 1.7% rise. * The University of Michigan's Consumer Confidence report for 2H of January climbed to 94.7, topping expectations for a 94.0 reading and the previous report's score of 93.6. * Government debt dropped in morning trade, after a much higher-than- expected payroll figure for December discouraged hopes for an additional cut in rates prior to the Fed's meeting in late March. The higher than expected reading of the University of Michigan Consumer Confidence report added to the skepticism. The 30-year Bond fell 7/32 to 111 10/32, yielding 5.47%.