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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: WTSherman who wrote (72890)	3/20/2001 4:32:58 PM
From: KymarFye	Respond to of 99985

Hope you're right, for the sake of the country, that things have not yet reached the point where "market weakness will have a crushing effect on the economy," but didn't the Fed's statement itself move market weakness up to first position? I guess the Fed now has granted itself the philosophical flexibility to rescue the markets at Nasdaq 1000 and Dow 7000.

To: WTSherman who wrote (72890)	3/20/2001 4:44:55 PM
From: Doug	Respond to of 99985

WTS: Many Investors and the media have failed to observe that two tools are being used simultaneously. The money supply M3 weekly growth is now 15% ; a historical high. That increase means finance is available . As for a possible forward decline in interest rates , that too can be covered using swaps. I doubt an extra 1/4 pt would really result in any excessive increase in Consumer Spending to boost the economy.. I believe the street as usual is behaving irrationally in its expectations and post Fed actions.