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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (37373)	3/20/2001 6:29:43 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

If Japan hold today we will have a good day, if it breaks below that low 11433. I expect Nikkei to trade between 11750 and 12300, I think that Nikkei will hold the lows tonight, the BOJ has the ability to manage that..we shall see, a well supported Nikkei will send that last signal of efforts of central banks to join hands to stop this one sided selling..if nikkei does not hold we will see a continued spate of selling in US that will hit that line of 1780 on Comp..

To: IQBAL LATIF who wrote (37373)	4/18/2001 3:38:12 PM
From: IQBAL LATIF	Respond to of 50167

The mother of all posts, predicting FED and AG actions..4.5% rate, a month ago.. from IQBAL LATIF at Mar 20, 2001 6:15 PM Paul Tsong did that in 1998 ASEAN crisis, but FED should not, in my opinion short sellers have to create an environment of extreme pressure, SOX 540 is a support so is IIX 171 and DOW 9800, all of these are under attack I would not be surprise to see a run to 1128-18 band to run the stops, the Fed has done the job let the corporates deliver their earnings or outlook and we have to face it.. In my opinion FED job is to run the economy and not to stabilise these markets, if FED becomes a direct instrument to buy futures, remember Le Fontaine of the SDP had to leave the government in Gemrmany for pressurising the bundesbank or ECB to change the monetary policy for economic revival. We need this coherent policy, the short sellers will have to cover..The FED like in case of LTCM operates behind the scenes and indirectly, undobutedly the shorts have a upper hand..all this liquidity, cut in discount rate to 4.5% is just a preamble..like in currency markets the intervention timing is important....that you will see..