Re: [CANSLIM] what the fed said

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] what the fed said
Date: Tue, 13 Aug 2002 23:30:52 -0400
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it's in bed with the equally mythical "bottom" that the media airheads =
like to talk about. I still can't believe how much they hyped the idea =
of a Fed rate cut over the past 4 days, with absolutely no =
substantiation for such a belief. The media really did a great job =
manipulating the markets lately, and no one will ever hold them =
accountable. Here today, forgotten tomorrow.

- ----- Original Message -----=20
From: NANCY POLCARO=20
To: canslim=20
Sent: Tuesday, August 13, 2002 11:26 PM
Subject: Re: [CANSLIM] what the fed said


I wonder what happened to the soft landing we were told of when rates =
started to go down?? Is this it??=20

  ----- Original Message -----
  From: Patrick Wahl
  Sent: Tuesday, August 13, 2002 11:48 AM
  To: canslim@lists.xmission.com
  Subject: [CANSLIM] what the fed said

  This was the excerpt Briefing had from the Fed announcement -

  "The softening in the growth of aggregate demand that emerged this =
spring=20
  has been prolonged in large measure by weakness in financial markets =
and=20
  heightened uncertainty related to problems in corporate reporting and=20
  governance. The current accommodative stance of monetary policy, =
coupled=20
  with still-robust underlying growth in productivity, should be =
sufficient to=20
  foster an improving business climate over time. Nonetheless, the =
Committee=20
  recognizes that, for the foreseeable future, against the background of =
its long=20
  run goals of price stability and sustainable economic growth and of =
the=20
  information currently available, the risks are weighted mainly toward=20
  conditions that may generate economic weakness."....=20


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  -To subscribe/unsubscribe, email "majordomo@xmission.com"
  -In the email body, write "subscribe canslim" or
  -"unsubscribe canslim".  Do not use quotes in your email.


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<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD>
<META http-equiv=3DContent-Type content=3D"text/html; =
charset=3Diso-8859-1">
<META content=3D"MSHTML 6.00.2716.2200" name=3DGENERATOR>
<STYLE></STYLE>
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<BODY=20
style=3D"BORDER-RIGHT: medium none; BORDER-TOP: medium none; FONT: 10pt =
verdana; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none"=20
bgColor=3D#ffffff>
<DIV><FONT face=3DArial size=3D3>it's in bed with the equally mythical =
"bottom" that=20
the media airheads like to talk about. I still can't believe how much =
they hyped=20
the idea of a Fed rate cut over the past 4 days, with absolutely no=20
substantiation for such a belief. The media really did a great job =
manipulating=20
the markets lately, and no one will ever hold them accountable. Here =
today,=20
forgotten tomorrow.</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV style=3D"FONT: 10pt arial">----- Original Message -----=20
<DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20
title=3DZILLAGIRL@msn.com href=3D"mailto:ZILLAGIRL@msn.com">NANCY =
POLCARO</A> </DIV>
<DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20
href=3D"mailto:canslim@lists.xmission.com">canslim</A> </DIV>
<DIV><B>Sent:</B> Tuesday, August 13, 2002 11:26 PM</DIV>
<DIV><B>Subject:</B> Re: [CANSLIM] what the fed said</DIV></DIV>
<DIV><BR></DIV>
<DIV>I wonder what happened to the soft landing we were told of when =
rates=20
started to go down?? Is this it??&nbsp;</DIV>
<DIV>&nbsp;</DIV>
<BLOCKQUOTE=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
  <DIV style=3D"FONT: 10pt Arial">----- Original Message -----</DIV>
  <DIV style=3D"BACKGROUND: #e4e4e4; FONT: 10pt Arial; COLOR: =
black"><B>From:</B>=20
  Patrick Wahl</DIV>
  <DIV style=3D"FONT: 10pt Arial"><B>Sent:</B> Tuesday, August 13, 2002 =
11:48=20
  AM</DIV>
  <DIV style=3D"FONT: 10pt Arial"><B>To:</B> <A=20
  =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
  <DIV style=3D"FONT: 10pt Arial"><B>Subject:</B> [CANSLIM] what the fed =

said</DIV>
  <DIV>&nbsp;</DIV>This was the excerpt Briefing had from the Fed =
announcement=20
  -<BR><BR>"The softening in the growth of aggregate demand that emerged =
this=20
  spring <BR>has been prolonged in large measure by weakness in =
financial=20
  markets and <BR>heightened uncertainty related to problems in =
corporate=20
  reporting and <BR>governance. The current accommodative stance of =
monetary=20
  policy, coupled <BR>with still-robust underlying growth in =
productivity,=20
  should be sufficient to <BR>foster an improving business climate over =
time.=20
  Nonetheless, the Committee <BR>recognizes that, for the foreseeable =
future,=20
  against the background of its long <BR>run goals of price stability =
and=20
  sustainable economic growth and of the <BR>information currently =
available,=20
  the risks are weighted mainly toward <BR>conditions that may generate =
economic=20
  weakness.".... <BR><BR><BR>-<BR>-To subscribe/unsubscribe, email=20
  "majordomo@xmission.com"<BR>-In the email body, write "subscribe =
canslim"=20
  or<BR>-"unsubscribe canslim".&nbsp; Do not use quotes in your=20
email.<BR></BLOCKQUOTE></BODY></HTML>

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