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To: maceng2 who wrote (203408)11/8/2002 1:28:03 AM
From: maceng2  Respond to of 436258
 
QUITTING AND CUTTING

pbs.org

Fed Rate Cut Raises Concerns

businesscycle.com

quote...

"The linchpin of the issue is confidence -- consumer confidence, and more importantly, business confidence," said Anirvan Banerji, director of research at the Economic Cycle Research Institute in New York. "The market's performance will hinge critically on whether this [rate cut] is viewed as confidence enhancing or confidence impeding."

businesscycle.com



To: maceng2 who wrote (203408)11/8/2002 8:07:22 PM
From: Knighty Tin  Respond to of 436258
 
Yeah, I've seen that chart before. But from the bulls. They treat the current pe from pro forma operating numbers and the past with real numbers. Makes for a non-sensical chart. <g>