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

To: Zeev Hed who wrote (69379)	2/17/2001 1:11:31 PM
From: The Prophet	Read Replies (1) \| Respond to of 99985

I rarely fight with your turnips, but I suspect that either the economic numbers will begin to look better or your turnips will soon be siding with me.

To: Zeev Hed who wrote (69379)	2/17/2001 10:49:16 PM
From: Ron Dior	Read Replies (1) \| Respond to of 99985

Greenspan should take a wait and see attitude until the next meeting NO MATTER WHAT THE NASDAQ DOES OR DOESN'T DO. He should not try to manipulate the markets any further. This is what got us into trouble the last time because of unnecessary intervention. The markets will sort themselves out without his help and eventually go back to fair valuations moving up from that point. He should forget the markets and focus on easing this pullback in the economy. Lowering rates will help but it is not the final solution. The last thing we need is a seesaw effect on the economy. I think he will wait till next meeting and then lower another .50. If the Nas starts to tank he should let it find a bottom and come back on it's own power. If he did this when it was flying high we would not be in this situation. The extreme valuations of high tech fliers would have eventually come down on their own power with no recessional side effects. Will the FED ever learn? Ron Dior