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Strategies & Market Trends : Range Bound & Undervalued Quality Stocks

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To: JakeStraw who wrote (2140)	5/16/2000 3:02:00 PM
From: BWAC	Read Replies (1) of 5499

Bank of America ups prime rate to 9.50 percent Too High. Expect rates to fall before the end of the year. Political pressure was already high for no more rate increases last time Gspan spoke to Congress. The pressure to not move anymore will be higher now. 9.5 is cost prohibitive to many, many small business owners. And prospective young first time home buyers are reaching the point of being price dout of the market. Too much. Too high. Politically can't continue. Inflation or not.

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