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To: isopatch who wrote (88819)	3/19/2001 10:17:17 AM
From: MetalTrader	Read Replies (1) \| Respond to of 95453

the fed move tomorrow is the most important in a long time, not simply the extent but the window it gives to how the fed is viewing the data. The post bubble economy is going to evolve in such a way that requires more than simply looking at retail activity and auto sales figure. These data certainly could argue for a 25 bps move, which seems to have faded in the past week. On the other hand the infectious nature of U.S. recessions call for a large liquidity injection to avoid a encircling global recession of greater duration than normal. That less historical data oriented approach could justify even a 100 bps drop. Realistically speaking, 50 is my guess. The goldilocks approach. mt