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Strategies & Market Trends : Ahh Canada - 2 out of 3 ain't bad -- Ignore unavailable to you. Want to Upgrade?

To: Davy Crockett who wrote (1222)	3/17/2001 1:36:07 PM
From: Dexter Lives On	Read Replies (2) \| Respond to of 5144

Peter, yeah but it would have a confessional aspect to it. He would be admitting that he was wrong and overdid it. Confession is good for the soul and it might jumpstart confidence or at least prevent its collapse. Shack, are you calling for Japan to drag the world financial system into the sewer? Wondering how bad you think it is? Is a long-term Japanese catatonic state priced in to the market? Funny how debt levels grow slowly while assets jump all over the place (in Japan banks' case, way down). Is this March 31 mark-to-market going to trigger a global event, IYO? Rob

To: Davy Crockett who wrote (1222)	3/17/2001 1:38:24 PM
From: Shaw	Read Replies (1) \| Respond to of 5144

He's never done a 3/4 either I think. That'd be a record. If he moves 1% I think we would see a rally we havent seen since the intra-meeting cut in January. Might last two days, but it would be fantastic, imo. My reasoning: No one expects him to be ahead of the curve. Every fund manager and retail investor is crying for the Fed to get ahead of the curve and give the market confidence. They won't disappoint, imo and they will be buying with both hands. Everyone is looking for a reason to go long. That would be the catalyst to do it. I bought a couple calls last week because of the VIX, P/C's and a belief that he will go 0.75 (as well, I have a habit of going long calls or puts when no one wants them <g>). The more the market is down before a 0.75 cut, the more it will rally, imo. Well, Im on record for that. You can all have a laugh at me on Tuesday afternoon when he goes 0.50, says "there's no problem, the Fed can't do a thing more" and the market resumes it's ugly tank to 9K and 1,700 respectively.