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To: schrodingers_cat who wrote (128629)	7/19/2001 7:46:37 PM
From: craig crawford	Read Replies (1) \| Respond to of 164684

>> Wait for their cuts to take effect. 3-6 months is not long enough for the full effect of rate cuts to be apparent. << fed cuts are mostly psychological. it's been six months and six cuts and companies are already pushing out the recovery to 2002. you really think a couple more cuts are going to magically fix everything when 6 cuts so far haven't done squat? how come it only took 3 fed cuts to get the market to bottom and explode in 1998? we didn't have to wait a year or more then, why should we have to now after twice as many (larger) cuts and the market expecting a seventh? isn't that telling you that something else is at work here?