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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: Sharck who wrote (10206)	2/26/2001 3:13:59 PM
From: velociraptor_	Read Replies (3) \| Respond to of 37746

Not sure Sharck....I just don't see the reason for the rate cut, and there really has been no information given. Angel just says.."good chance for rate cut". This is a very unusual circumstance as the FED is usually tighter lipped than Fort Knox...not that anyone ever understood what Greeny said anyway. For someone to come out of the blue like this...I just find it out of the ordinary. In my opinion, the market is looking for anything that shows a glimmer of hope or support, and right now this is it. The focus on this Angel guy has been strong. I still have a lot of unanswered questions...what does this guy base his claim on? What is his past record? Has he ever predicted a surprise rate change before and got it right? Why are very few backing his claim?....I have not seen many people come out and say, "Yes, I agree" I remain skeptical, and for the moment continue to trade light. I don't trust the market here to make lots of strong positions.