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To: Rossignol who wrote (90376)3/19/2001 4:46:01 PM
From: Captain Jack  Read Replies (2) | Respond to of 97611
 
Rossignol-- you are correct! 1/2% and the mkts will sell off on the disappointment. If by a miracle that was never seen before the drop was 3/4 a rally would start and many would sell into the rally causing a selloff. If he were to drop a full point everyone would sell everything as no matter how much some do not want to believe he is senile they would then know--- Al stacked the deck against the economy and he is the only Joker in it....



To: Rossignol who wrote (90376)3/20/2001 12:02:12 PM
From: Elwood P. Dowd  Respond to of 97611
 
>>>I think he goes for 50 basis points to give himself room for 25 more next month. In any event there will be no (positive) surprises<<
Unfortunately, 50 basis points is built in. It's gonna take .75 to move the market. That would still leave .25 for next time and I don't think they meet again til May. AG said he preferred to make the adjustments at the regularly scheduled meeting, so imho, .75 is not out of the question. El


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