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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (40066)	6/28/2001 12:04:53 AM
From: TWICK	Respond to of 50167

On the other hand they have another 1/4 rate cut up their sleeve. And another. And another. Until they run out of cards. Based on all news releases I read, I don't see the Fed indicating any kind of bottom, or light at the end of the tunnel. They're hopeful, just like the rest of us, but I don't think that they're seeing anything on the horizon worth a smile. I think that most Fed Cohorts wanted to give us a 1/2 point cut, but decided on a 1/4 so not to lose face with the already worried investment community. Greenspan can't just throw all cards on the table. He needs some more Aces up his sleeve. Twick

To: IQBAL LATIF who wrote (40066)	6/28/2001 2:06:42 AM
From: jtech	Read Replies (2) \| Respond to of 50167

Iqbal, as much as I respect your short term trading ability you know where were headed. When I was lost you showed me the way. Its with upmost love and respect that I direct your attention to a 10 year chart of the dow. I love the bull in you but wish to protect him from the error of himself. bigcharts.com

To: IQBAL LATIF who wrote (40066)	6/28/2001 10:27:31 AM
From: IQBAL LATIF	Respond to of 50167

If Fed would have cut an 1/2 we would have seen far greater selling, 1/4 indicated some bottoming in sight for Fed gurus..Message #40066 from IQBAL LATIF at Jun 27, 2001 4:58 PM Today action can be seen from this above one liner.. And the heading today for this huge run..in Yahoo Finance.. <Stocks barreled higher in early morning trading session on Thursday as the Federal Reserve's modest interest rate reduction stoked Wall Street's hopes that the worst is over for the nation's faltering economy.> Few lines worth a lot if they are uttered a little ahead of time, nice to see this reaction on that 1/4% cut although the initial reaction was down but nice move..