Replies to post #500 on Ask Vendit Off Topic Questions

[horsegirl48]

did ya buy VZ? good one
hg48

[Bera]

>>Do you think there will be a pullback soon after Greenspan lowers the interest rate?<<

I didn't realize that the Feds don't have a regular meeting planned in Feb. It would sure be interesting if the Fed goes for .75 instead of .50!

As to your question I expect a short term NASDAQ rally unless we see a .75 cut in which case I would expect NASDAQ to break through 3,000 this week.

[Vendit]

pullback soon after Greenspan lowers the interest rate?

The compx is trending very high technically and due to pull back some. I see mixed signals as of the close, which is a change from yesterday's bullish tone. I take this as "fear" of the Uncle-A speech on Thursday.

Logic tells me that a 1/2 point rate cut will/is already factored into the market now so a sell-off would seem logical if cut announced. A sell-off would also seem logical if NO cut is announced. <g>

So sell-off is my thought.

JMHO