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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: Bruce Brown who wrote (47424)	10/3/2001 11:44:44 AM
From: Thomas Mercer-Hursh	Respond to of 54805

Do you agree with anything that Greg Jones from Briefing.com said in that article? Stockman, Just as an aside, this illustrates that your many posts pointing to or quoting from material that other people have written would probably be more interesting if you indicated why you felt they were was worth citing and what aspect of Gorilla Gaming you felt they applied to.

To: Bruce Brown who wrote (47424)	10/3/2001 12:42:52 PM
From: stockman_scott	Respond to of 54805

BB: My thoughts on the Briefing article... The author is trying to simplify things a great deal...I do agree with 2 statements he made: 1) '...psychology has a role in the economy'... 2) 'the Fed, like the rest of us, doesn't know what is coming next.' <VBG> Overall, I feel economists are uncertain about how consumers (and businesses) will respond to the Fed's latest interest rate cuts. IMO, the Fed was WAY TOO AGGRESSIVE when they tightened rates and now they may be getting close to where they might be over-shooting on the downside. They seem to be buying some insurance and they clearly have been aggressive this year. With the Fed fund rates at 2.5 percent we are at the lowest level since 1962. I feel the Fed felt the events on Sept. 11th were unprecedented and justify substantial rate cuts. They are trying to shore up confidence and stabilize the economy. I don't think the Fed wants to be caught behind the curve of what could be a significant drop in consumer spending (and consequently national output)...A number of analysts now feel the Fed's credit easing and the new economic stimulus from the government will set the stage for a rebound in the 2nd half of next year. I tend to agree. I also think that Chief Economist of PNC Financial Services was correct when he recently stated that...' The catalyst for the economy to get out of recession depends as much on the psychological realm as the financial realm...' I remain cautiously optimistic and think the markets will rebound ahead of the anticipated recovery next year. Here are some additional perspectives on the Fed's rate cut... biz.yahoo.com