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To: Sonny Blue who wrote (14796)10/16/1998 2:07:00 AM
From: craig crawford  Respond to of 27307
 
>> I think this surprised rate cut is the main catalyst to turn the market around. <<

Just like that eh? Greenie the weenie can snap his fingers, cut rates a few times and all of a sudden the world's problems are all solved? Companies like INTC, AMAT, MER, BA, EK, WCOM/MCIC, CCI, etc can all just hire back all the employees that they just laid off? They can reopen all their plants?

A magical 1/4 point cut and it's back to business as usual? Guess those Japanese are dumber than we think, because they must not know how to cut rates properly. They've done it many times and it just hasn't done the trick.

Maybe the Japanese should hire Greenie the Weenie for $1 billion to go over there and cut their rates a 1/4 point, so he can turn their economy and stock market around.