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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Mark Adams who wrote (68384)	2/2/2001 5:28:24 PM
From: Mark Adams	Read Replies (1) \| Respond to of 99985

A possible floor on the downside? Extract from: pimco.com While I’m certainly critical of the Fed, and Mr. Greenspan in particular, for their culpability in the current sorry state for economic affairs, I’ve actually become more optimistic over the last 30 days about prospects for an upturn in the economy on a twelve-month horizon. The Fed now recognizes the debt deflation enemy, and is committed to fight it with “rapid and forceful” easing as the FOMC said yesterday, after cutting Fed funds a 100 basis points in one month. I look for 50 basis point cuts at each of the next three FOMC meetings, at least. Fed funds at 4% by July 4!