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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (33194)6/30/2001 1:47:04 AM
From: Kailash  Respond to of 70492
 
"This is the type of reading we would expect to see as the economy turns into a recovery," said Drew Matus, an economist at Lehman Brothers in New York."

American consumers have a negative savings rate. Is it really so encouraging that people keep living above their means?

The Fed's quarter-point cut was also seen as bullish: if they didn't cut 50bp, the economy must be getting better. Yet this does not follow.

I appreciate your postings.

Kailash


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