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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Ian@SI who wrote (44064)	3/20/2001 3:57:32 PM
From: advocatedevil	Read Replies (1) \| Respond to of 70976

FWIW, I just covered at 43. AdvocateDevil

To: Ian@SI who wrote (44064)	3/20/2001 3:59:52 PM
From: Gottfried	Read Replies (2) \| Respond to of 70976

Ian, >more measured action than that called for by emotional traders may well be the best course.< Then you're against Jim Cramer replacing A.G.? Gottfried :)

To: Ian@SI who wrote (44064)	3/20/2001 4:18:38 PM
From: LemurHouse	Read Replies (1) \| Respond to of 70976

Stop making sense! ; ) No, I wasn't trying to draw that kind of parallel between the U.S. and Japanese economies. The situations are hugely different. (And let's hope that they stay that way!) I was simply making the point that if the fed believes as many believe, that further cuts are necessary and will indeed be coming, then there is something to be said for doing it now rather than later. But as I posted yesterday, I didn't expect them to go past 50bp for a number of reasons; not the least of which being that they would love to see the stock market deflated if that can indeed be engineered without actually putting the economy into a recession. Plus, I think the moral hazard issue is a real one. I am nonetheless galled by Greenspan's hubris and how he is fawned over by the press and the congress, when he clearly has had an agenda that is not honestly addressed by his testimony. Presumably he believes that "we can't handle the truth." FWIW AD