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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: Wes Stevens who wrote (21539)	5/9/2001 9:12:04 AM
From: Electric	Respond to of 37746

I dont think so..this is why.. The fed is BEHIND every correct move..last year they were wrong at raising rates as they did..they missed it..they didnt lower rates previously until we were mired in the middle of the crisis..and now the fed didnt act until we were already in the middle of the problem, and they wont let up until it is already past time to do so. I think they ought to change bias, not at this meeting but maybe 1 or 2 out..Lower by 50 BP this meeting, 25 next (or mid-term), do nothing in the next, or another 25...then the next meeting change bias.. The fed is so behind the curve it is pathetic..