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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: abstract who wrote (33468)3/14/2001 3:18:58 PM
From: stockman_scott  Read Replies (3) | Respond to of 65232
 
<<this stock market makes me nervous as a jellyfish.>>

abstract: You're not alone...Many on SI and throughout the country are nervous and full of fear right now. IMO, that means we may be close to the bottom. We are still in the eye of the storm though. This WILL PASS and the Nasdaq will rebound.

The market is now asking for a .75 cut by the FED...The global markets are VERY unstable (look at Japan)...IMO, Greenspeak needs to move aggressively --> why not a .50 cut today and another .50 cut next week? He will eventually do the cuts but the economy needs the liquidity NOW and the markets and investors need the reassurance. Its much better for the FED to be decisive and act in a bold and effective way....Of course Greenspeak may not be able to do this....some folks claim he is 'a mere mortal'...

Message 15501420

Best Regards,

Scott

BTW, thank you for your comments....I clearly don't have all the answers but I have enjoyed sharing with the porch. There are A LOT of bright people out here. We should get together for dinner sometime. I am based in Lincoln Park.