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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?


To: Lone Ranger who wrote (14057)11/7/2002 11:14:54 AM
From: Softechie  Respond to of 30712
 
Be assure that they will give another 25bp cut...they don't just cut 50bp and be done with it...there will be one more cut and then Da Masses will start saying Uh-Oh we ain't in Kansas anymore...



To: Lone Ranger who wrote (14057)11/7/2002 11:18:06 AM
From: Alan Bell  Read Replies (2) | Respond to of 30712
 
LR, Your implication is probably right about this being a a move based on deep concern by Greenspan. But it reminds me a little of when Rubin intervened in the currency market against the Yen by making a dramatic move that stopped the speculation. Would Greenspan use up his near-final bullets if he didn't see the end?