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Strategies & Market Trends : Waiting for the big Kahuna

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To: Elllk who wrote (28871)9/25/1998 1:04:00 AM
From: NickSE   of 94695
 
Larry,

I was telling BubbaFred that there was no Oct. FOMC meeting and the quote you copied was from him. IMO, after reading Mr. Greenspan's speech yesterday, I'd probably have to agree with you regarding no rate cut on the 29th. :^)

Message 5836954

<<IMO, it is more likely the Feds will lower Fed Funds rate by 1/4% in October, instead of next week. Either way, S&P will likely drop on the news. >>

This is why they will not lower and will later hint at lowering in Nov to rally the market into the election.

Regards,
Orbit
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