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To: Ilaine who wrote (96064)4/18/2001 7:41:22 PM
From: robnhood  Read Replies (1) | Respond to of 436258
 
That cut was designed to stick it up the ass of the bears, and to save the buts of the machine... period.... It was also winky winky telegraphed a few days ago.



To: Ilaine who wrote (96064)4/18/2001 8:53:46 PM
From: yard_man  Read Replies (4) | Respond to of 436258
 
kind of selective in what you highlight -g-

>>This potential restraint, together with the possible effects
of earlier reductions in equity wealth on consumption and the risk of slower growth abroad
, threatens
to keep the pace of economic activity unacceptably weak. <<

It's the whole picture -- equities are a pretty a big part of it, from a sentiment standpoint.

Thing is: this shot in the arm isn't going to make folks rush out to Kohls or Home Depot and buy a lot more stuff. It just doesn't work that way -- consumers have so much debt. They can't re-acclerate purchases from here ...

As I said earlier the narrowing of the trade deficit is not bullish, even though a huge trade deficit (or current account deficit for that matter) is not a sign of health -- it is confirmation of the huge drop in consumer & other spending which will not revive momentarily.

If this were a V-shaped inventory correction like they claim -- why all the panic at the Fed?

This thing is going to surprise even the dyed-in-the-fur bears ... u wait n see ...