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

To: Paul Shread who wrote (16172)	8/21/2001 3:35:46 PM
From: TechTrader42	Respond to of 52237

AG basically said he was washing his hands of the whole affair, that rate cuts weren't all they were cracked up to be, and that he was going back to playing sax in a small jazz group he and some of his pals at the Fed were putting together, called The Last Cut. He then offered his job to Maria B., declaring that she alone understood the complexities of modern markets, the economy and monetary policy. She took the job, thinking it would give her more cachet with institutional analysts, and that she'd only have to show up for FOMC meetings. She's shopping for a briefcase now at Bloomingdales. It was all very surprising -- quite a shakeup. I think AJC plans to replace Maria. CNBC wanted someone with a positive outlook on the market, to boost ratings.

To: Paul Shread who wrote (16172)	8/21/2001 3:44:23 PM
From: Trading Machine	Read Replies (1) \| Respond to of 52237

hehehe Thanks Big Al! I really appreciate your comments today, you and George W. are to be congratulated for costing well intentioned folks a LOT of money. And you want to let them INVEST in the stock market???? The 201Ks just got a LOT smaller today thanks in part to Allan Greenspan! Good luck folks, you're gonna need LOTS of it! Paul K.

To: Paul Shread who wrote (16172)	8/21/2001 3:50:54 PM
From: Challo Jeregy	Read Replies (1) \| Respond to of 52237

we are close to/hitting (oops-surpassing) Mathias Onischka's targets on ndx and nasd. ndx 1475 nasd 1840 wallstreet-online.de

To: Paul Shread who wrote (16172)	8/21/2001 4:16:55 PM
From: Jacob Snyder	Read Replies (2) \| Respond to of 52237

Fed musings: market didn't like it siliconinvestor.com these kneejerk reactions are like inkblot tests, telling what sentiment is. A Fed cut can be good or bad, anything Greenspan says can be interpreted in at least 2 ways CNBC in the background, murmuring......"people are saying this market is just so hard, it's a tough environment to make money in".....duh........ this isn't hard, this is normal. People have gotten used to picking stocks at random, not listening to CCs or reading 10-Qs, and having their portfolio up 20% for the year. There is a whole class of weak hands who need to get out, out of techs, out of stocks, out of investing, before the markets can bottom. Fed funds were at 3% from late 1992 through early 1994. We're closing in on that level. Greenspan still sees no inflation risk, although inflation has nearly doubled off its 1998 low. He's probably right, with rising unemployment, falling energy prices. So, the Fed can continue to keep the credit markets from freezing up, continue to put a floor under equities. If consumer spending collapses (and Greenspan has clearly signalled he is watching and worried about this indicator), then he can continue to cut rates, to under 3% if needed. AJC has been wrong enough times, she is being ignored. The gurus recommend record asset allocation into stocks.......while insider sells/buys is at record levels....this disconnect is rectified by the gurus losing influence.