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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: daryll40 who wrote (51713)	9/8/2001 9:34:07 AM
From: michael97123	Respond to of 70976

Daryl, I will be happy to worship at the Greenspan throne again if all turns out ok. You are right in what you say, yet as in baseball the manager takes the fall. Much talk last nite about an intermeeting cut. Kudlow said it should have come at 10am before the crash so as not to make it look like responding to a falling market. Now its too late? Dont know about that but with only deflation and no inflation present they can lower 1/2 and still have another 1/2 to play with for the rest of the year. If nothing else money market funds will pay so little that some will need to take more risks, first in bonds and then in stocks. Also trader friends said last nite over beer and thats when they tell the truth that they have never seen the nasdaq so short. Any perceived good news could get things started. And with all the shorting nasdaq held up until about 3pm which they see as good. Sector rotation in a declining market can mean that a sector goes down less. Down on monday and then a bounce off the lows on Tuesday and then a short covering rally? Its that or 1500 next stop. mike