Re: [CANSLIM] "M"

From: Spencer48@aol.com
Subject: Re: [CANSLIM] "M"
Date: Tue, 24 Sep 2002 15:16:08 EDT

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Kent:

     This (shell-shocked investors) is the main reason that IBD states, in 
IBD's editorial today, that the Fed should cut interest rates.  To put it in 
James Carville speak, 'it's no longer the economy stupid, but rather:  "It's 
the psychology, stupid." 

     To paraphrase the editorial, IBD says that the even though the economy 
is coming around (albeit feebly), it is the psychological pounding that 
individual investors have taken since 2000 that will prompt investors to 
start investing again once interest rates are cut-and which will also boost 
more IPO's, venture capitalizations and start-up businesses.

     Personally, I think this is too much to ask, and think that business and 
personal tax cuts are more likely to lead to a rejuvenation of both the 
economy and the stock market.

jans

In a message dated 9/24/2002 9:08:52 AM Eastern Daylight Time, 
kent_norman@yahoo.com writes:

<< Last night NBR said 
 "MILLER: At the heart of the decline in rates is pessimism about
 equities. Shell-shocked investors have been moving money out of stocks
 for the safety of bonds. That has pushed bond prices higher and yields
 lower. Investors yanked more than $68 billion out of stock funds during
 the summer. More than $56 billion went into bond funds. But volatility
 in the stock market is not the only worry on investors' minds. 
 " >>

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