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To: Jibacoa who wrote (8053)3/1/2001 2:01:13 PM
From: James Strauss  Respond to of 13094
 
Bernard:

This was posted by me on the Idea Thread...

When the Nasdaq didn't hold the 2150 area, it set up a visit of the 1800 area...
bigcharts.com.

Alan Greenspan has made two mistakes...

1. He kept raising rates last year and didn't give the earlier rates a chance to kick in...
2. He is not moving fast enough this year to be ahead of the Recession Curve...

These rate cuts can take 6 to 9 months to roll through the economy... So, his casual
response to falling economic numbers, increased layoffs, and plummeting consumer
confidence, exhibits the persona of someone who seems to be out of touch with reality...

The Dow looks like it's headed towards 9600...
bigcharts.com.

Three things move markets... Fundamentals, Sentiment and Psychology... While rate cuts
cannot immediately impact Fundamentals, they can improve Investor Sentiment and
Psychology immediately...If the FED doesn't cut rates by at least 3/4 of a point this
month, they will be giving the Recession their blessings...

Jim