Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (3617)	3/29/2001 5:00:17 PM
From: Logain Ablar	Read Replies (1) \| Respond to of 33421

We'll as for a catalyst I still think AG will coordinate with other central bankers a rate cut. Unfortunately this too is going to take a catalyst. Remember the DOW 10 year chart. We'll back in the 7,600 to 8,000 range may get his attention. I could be dreaming since he should have started cutting in November (actually he shouldn't have done any in May but we won't go on how he made mistakes throughout the campaign). This is not a hope on my part its just with $4 trillion gone into money heaven in the NAZ the ramifications on the economy have not even begun to be felt. I still feel the market bubble was created by the credit bubble not the other way around and with the market burst its only a matter of time before the credit starts to kick in. In the NE it was over a year from the 87 crash to when those outside the banks started to see the impact on the banking system. Consumer confidence was up in February but who is surprised (besides the analyst and economists) after the market rebound in January. It is a lagging indicator. Wait till the March & April #'s come out. As more lose their jobs the impact will start to filter thru. As long as companies don't have visability they will cut expenses. Remember the CEO wants the bonus (as well as have his company survive it times become too difficult) and if revenues continue to drop he will force expensitures down and this always means head count reductions. So if he wants to save the economy he has to cut rates more. JMHO of course. Who is godot?