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To: Bruce Brown who wrote (90886)	4/6/2001 12:02:59 PM
From: mishedlo	Respond to of 436258

Barring a complete collapse There is no way Greenie acts before the next FOMC meeting. You may be right, but that's the same thing you said throughout December and leading into January when the FED hit with rate cut #1. BB Bruce, I called for a surprize cut in Feb. I was off by a month. But Yes I did have that wrong. Look at the reasons why it is hard. It will be bad for the $ If it fails he will be in deep shit Consumer spending will not help CSCO sell routers and if CSCO does not sell routers how is TXCC AMCC PWER etc going to recover? Look at the credit bubble. No savings and they want the consumer to spend us out of the recession. If they do pull it off if will be the shortest recovery in history and it will crash in 6 months. Greenspan will talk of intrmeeting cuts to keep the bears jittery but with that huge runup on the DOW and with what I said above, do you really think he wants to inflate the stock market bubble as well as the credit bubble. M