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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: Tom Hua who wrote (17127)	12/9/2001 4:59:27 PM
From: Kevin Podsiadlik	Read Replies (1) \| Respond to of 19633

<< No cut will be viewed positively by WS. It means the Fed feels the economy is at the onset of a recovery and that of course is bullish for equity. >> Unless of course Wall Street decides the hypothetical non-cut was a mistake, and that the Fed is falling down on the job, and panics, and etc. etc. No, you can play that "I think you think I think the Fed thinks" kind of game all day and really never get anywhere. That's why I tend to subscribe to the "KISS" theory of Fed actions: the market likes cuts, and doesn't like hikes. I find that's at least as accurate as trying to game mass psychology.