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

To: MulhollandDrive who wrote (3773)	4/18/2001 5:35:20 PM
From: John Pitera	Read Replies (1) \| Respond to of 33421

This has been the quickest 200 basis points of easing, in well over 15 years, if not longer so it's not like the FED did nothing. I think if they had moved any quicker it would look like panicing.....and there was in fact a hefty bubble to deflate ..... Philly Fed President today tells us that the banking sector is entering a period of "Higher Risks" ----We were not expecting much, but actually found comments from Philadelphia Fed President Santomero somewhat interesting. Santomero noted growing concern over increasing defaults, adding that the banking sector is entering a period of "somewhat higher risk. However, he also noted that banks are well prepared for such turbulent times.----