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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?


To: Steve Misic who wrote (21323)11/11/1998 10:17:00 AM
From: IQBAL LATIF  Read Replies (1) | Respond to of 50167
 
INTC forward looking statement and composite run based on Tech strength will help the financial economy-- S&P cap is 130 % of the US GDP asa such financial asset inflation and deflation has direct impact on economy -- in these circumstances I can see your point but in my opinion we still have acute liquidity crunch today's FT lead story is about France and German economies faltering this is the core although they are not but apparently the signal is that another cut is not a bad idea more than anything else it would be PPI and CPI numbers which will make bigger impact, the reasons for cut were less to do with deflation any way it was about liquidity and as I know right now banks who participated in LTC bail out are seeing a return on their investment, a further rate cut and than by March reversal will be a good policy.. I woud think that AG will go for it however what ever happens I don't think it is a major sword hanging on markets head anyway with INTC annoucement and RUT rallies we will see that market after a breather will move forward this is a unique break out.. fwiw -- market rarely gives people chance to enter people who missed the train at 750 I remeber could never get on board they are still waitng for DOW at 6300 when DOW hit that level on 7th Oct as composite made a 104 week low they were still looking for the break that never came.... they are still loking for one - the fluke by which they forecast is now well known and markets hate flukesters they punish them by sidelining them ////market level to watch is 1130 if that breaks lets talk about lower markets.. Rate cuts after third quarter good earnings and INTC type of annoucements are any way immaterial to be honest I think rate cut will see a market fall-- I will be short long puts before 17th anyway.. cut or no cut I wish those gurus who understand very little of markets would see little more all around....