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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Jdaasoc who wrote (23219)	8/7/2001 2:23:33 PM
From: Sully-	Respond to of 30051

13:53 ET Fed Speak : Chicago Fed President Moskow is cautiously optimistic that U.S. growth will improve; sees rebound as approach 2002 and into next year. Stated that Fed is encouraged by falling energy prices; considerable part of inventory adjustment over; modest inflation should remain contained. Demand is expected to be stimulated by the Fed rate reductions.

To: Jdaasoc who wrote (23219)	8/7/2001 2:27:12 PM
From: Zeev Hed	Respond to of 30051

John, you are right, but fidelity does not have the flexibility of taking off the table up to 50% of all their "bets" in one day (g). Many of their funds "must" be invested in specific sectors that are out of favor right now. Considering the way the markets are behaving, they are not doing to bad (g). When I smelled the failure of the rally some fifteen minutes before 2:00 PM, I could rapidly get out of the little (14%) I deployed just an hour earlier, they could not get out of 1% of their investments without shaking the markets to its foundations, eviscerating it in the process. Zeev