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

To: Libbyt who wrote (12132)	1/30/2002 2:01:38 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 23786

Even if AG can convince the masses that the economy might be showing signs of recovery, we now have the fears surrounding the accounting practices in publicly traded stocks. I don't think that there is anything that AG can say that will stop the selling. Except for maybe "the recession is over, everything looks peachy keen". I don't think he can do that. I think that he will mention the accounting practices as well as the debt overhang (both personal and corporate). My guess: -no rate cut -bias still toward more cuts

To: Libbyt who wrote (12132)	1/30/2002 4:15:04 PM
From: Original Mad Dog	Read Replies (2) \| Respond to of 23786

IMO this will be the most carefully worded statement yet...in an effort to support the market Well, I'd say you are right about the careful wording. The second paragraph (see quote below) says that it looks like things are getting better. The first sentence of the third paragraph says that it doesn't necessarily look like things are getting better. The last sentence of the third paragraph says that conditions are good but it looks like things will get worse (or stay bad) for the foreseeable future. Were the policy statements of the Kremlin ever this bad? Here's the statement: federalreserve.gov The Federal Open Market Committee decided today to keep its target for the federal funds rate unchanged at 1-3/4 percent. Signs that weakness in demand is abating and economic activity is beginning to firm have become more prevalent. With the forces restraining the economy starting to diminish, and with the long-term prospects for productivity growth remaining favorable and monetary policy accommodative, the outlook for economic recovery has become more promising. The degree of any strength in business capital and household spending, however, is still uncertain. Hence, the Committee continues to believe that, against the background of its long-run goals of price stability and sustainable economic growth and of the information currently available, the risks are weighted mainly toward conditions that may generate economic weakness in the foreseeable future.