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

To: Steve Lee who wrote (81475)	8/18/2001 4:27:28 PM
From: Patrice Gigahurtz	Read Replies (2) \| Respond to of 99985

When the Feds started raising rates the initial impact was positive on the market(s) but after the Feds keep further increasing % rates the market(s) started their downward spiral and that spiral was long before the market(s) became knowledgable of inventories (etc). Perception has a strong influence on how one's job performance is evaluated. I suggest that the Fed's job performance will go down in history as one that fooled with low unemployment in the face a no wage inflation by raising % rates and as the Fed that fooled with stock market(s) it has no mandate to watch over in the first place. Those above noted perceptions I suggest will be difficult for the current Fed to ever shake.