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


To: Gersh Avery who wrote (72953)3/21/2001 10:40:36 AM
From: Doug  Respond to of 99985
 
Gersh: The market overpriced itself prior to the announcement. All that I am saying is that it would have been better and more sensible if the market had priced itself lower prior to the cut.

It could then have made a positive move proportional to any interest rate cut which is a +ve for the economy.