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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: SecularBull who wrote (77407)	5/24/2001 5:15:19 PM
From: t2	Respond to of 99985

Don' think that is a fly in the ointment. My understanding is that Meyers is that one labelled as "hawkish". So it is not a surprise. Anyone notice that Gold has started moving down; the market now seems to believe that that inflation is not that big a risk. Maybe the bounce in gold was just technical. Dollar is still strong. IMHO, the market looks at that Meyer's story as positive. It is just a sign of the times. Greenspan is worried about the economic slowdown. If he says things are getting better, market takes that as a positive. If he is still very worried, market takes it as a positive as well..since that means more rate cuts (ie. cutting cycle not ending yet)....getting more of that sidelines money market cash into the market. I would still say that underweighting of tech among big funds and high short interest in the Nasdaq is going to drive this market higher very fast. Going to create a lot of demand for tech stocks.