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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Rich1 who wrote (13292)	3/19/2001 6:52:34 PM
From: ajtj99	Read Replies (2) \| Respond to of 30051

Rich, I believe we'll see 50BP and a sell-off tomorrow all day and into Wednesday. The consumer is still buying this month, and probably will still be active in April. Greenspan needs to stay independent of the executive branch and the stock market. Based upon the economic data we've seen, 50BP is all that is justified. Most of the tech people are crying about how bad business is so they can get rates cut rapidly to rescue their slowing business. The hysteria we're hearing is blown out of proportion, and is partially a media recession - one that only exists in the minds of the media. 20-years ago, unemployment under 5% with 1% growth with low interest rates would have been considered a utopian dream. Now it is called a recession. Go figure.