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To: patron_anejo_por_favor who wrote (71569)2/25/2001 4:39:30 PM
From: Shack  Read Replies (1) | Respond to of 436258
 
Here's something a little sad. I'm in 7th place overall in that SI Stock Picking Challenge Contest with a return thus far of 1.9%! And thats with a 13% loss on TVX so far. I'm not bragging here by any means.

I'm sure this is a pretty good indication of the real world too

Message 15403722



To: patron_anejo_por_favor who wrote (71569)2/25/2001 6:18:47 PM
From: UnBelievable  Respond to of 436258
 
It Seemed To Me That Given The Rep. Paul Wrote The Book "The Case for Gold" He Might Be Somewhat Skeptical About The Central Bank Attempting To Manage The Economy By Printing Press.

I think almost anything the Fed does is going to be a problem. Mr. Angell did not make anything easier.

The market rallied based on the rumor of the rate cut. But why do we need an emergency rate cut as long as the market rallys?

I really don't see more than .50 reduction in the next month unless the market really tanks Luc style. If the market continues to trend down as it did in the early part of last week Al may feel he needs to do an emergency rate cut. If he does I think that either it will be .25 with another .25 at the regular meeting, or if he front loads the full .50 in the emergency cut their will be no regular cut.

I'm usually wrong but I don't see an emergency cut before Thursday or Friday (a Luc type mythical BK being the only exception). The GDP data, Farm Prices, and PMAC are released Wednesday while Thursday we will get Jobless Claims, Personal Income and Outlays, Construction Spending, and NAPM.

Besides the first three days give the boys the opportunity to let the market go through its very profitable (for them) manic swings.

Remember as long as we rally we don't get a rate cut. When it is rumored we will get a rate cut we rally.

Should be interesting.