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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: John Trader who wrote (45584)	4/19/2001 10:26:14 AM
From: michael97123	Read Replies (1) \| Respond to of 70976

AG agrees with you John. It is not surprising that he stepped on the gas just as the first signs of recovery are becoming apparent. He realizes that a dismal nasdaq, layoffs and declining consumer sentiment could nip any recovery in the bud. For maximum exposure he lowered rates during the trading day. He had done the same in january but prior to this year intermeeting cuts had been made when the markets were closed, i believe. Rate cut was a shot in the arm for main street as well as wall street.