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


To: ig who wrote (80954)7/29/2001 7:13:53 AM
From: Zeev Hed  Respond to of 99985
 
I do not see how that is contradicting my position, post the next period of market uncertainty, I have a solid rally into the spring of next year, by next summer, the questions will start and be when does the fed start and tighten again. A lot of money has been added to the aggregates, and once they start and show their impact on th economy, reflation of the bubble may become a concern.

Zeev



To: ig who wrote (80954)7/29/2001 8:21:18 PM
From: Alastair McIntosh  Read Replies (2) | Respond to of 99985
 
International Grandmaster, you posted:

As long as it appears that rates can still go lower, as long as it appears that Greenspan is saving a few more .25 rate cuts for a rainy day, those in charge of big-ticket capital investments are going to keep their checkbooks holstered. When the Fed makes it clear that money is a cheap as it is going to get for a long time -- and in fact may soon start to become more expensive -- THEN those checkbooks will come out blazing.


The Greenspan rate cuts only affect short term rates. Big-ticket investment decisions depend more on longer term rates which saw their lows about three months ago.