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Strategies & Market Trends : Paint The Table -- Ignore unavailable to you. Want to Upgrade?

To: AugustWest who wrote (787)	11/5/2001 12:37:45 PM
From: Original Mad Dog	Respond to of 23786

I think if the Fed Funds rate goes below 2% the markets will really react negatively. IE: IF theygo 1/2% tomorrow, it better take effect so they don't have to cut any more. Or if they do 1/4 tomorrow, they better not have to go 1/2 next meeting. I saw a prediction that they would go to 1 percent by early next year. Cutting rates more and more is kind of like pumping more and more gas into a car with a broken axle. It makes the car capable of going a long ways, but it can only go when the axle gets fixed. If I were Greenspan I'd save my ammo for a time when it might have an effect.