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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: Killswitch who wrote (14019)8/2/2002 1:34:12 PM
From: Killswitch  Read Replies (2) | Respond to of 19219
 
"Goldman's GDP Outlook
08/02/02 11:29 AM EDT

This just in from Goldman Sachs: Citing persistent hiring stagnation, slowing construction and sagging factory orders, Goldman is now expecting real GDP growth of only 2% in the fourth quarter of 2002.

Looking out into 2003, Goldman sees about 2.4% growth.

Accordingly, Goldman now anticipates a Fed ease by 75 basis points in this year's fourth quarter, which will serve to lower the fed funds rate to 1% by year-end!

Goldman concludes by saying that the Fed's staff analysis of the Japanese experience suggests that the U.S. will err on the side of excess accommodation."



To: Killswitch who wrote (14019)8/2/2002 2:06:06 PM
From: Killswitch  Respond to of 19219
 
On 3rd thought if this thing can't turn itself around in the next hour or so, I'm probably going to go back to 100% cash. Just waaay too many broken trends, broken consolidations, 3 black crows, etc. would be created on my daily charts, so I wouldn't feel comfy holding over the weekend.


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