Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Lee Lichterman III who wrote (12399)	7/22/2001 10:21:17 PM
From: Paul Shread	Read Replies (1) \| Respond to of 52237

GDP on the 27th could be the big news this week. Wildly different views of where it will come in.

To: Lee Lichterman III who wrote (12399)	7/22/2001 10:46:51 PM
From: Challo Jeregy	Read Replies (2) \| Respond to of 52237

This is why I asked. Hubby is opening a new 401K (money market <g>)- I talked to the new broker - actually, he's more like a financial planner. He said they are expecting a "surprise" cut on the 27th and expect another 75 basis points before the fed is done. Some banks have already started lowering their rates again. In addition, he spoke to several big fund houses last week (mentioned Oppenheimer). Said they are at 20% cash and not buying anything except add-to to average down. He was in agreement with our money market selection. I, too, thought that the initial reaction would be as you said. I've seen turn dates mentioned of July 25 and Aug 5. Wonder if a 1/4 point could give us a boost and then reality sets in. <ggg>