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Strategies & Market Trends : Tech Stock Options

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To: Gersh Avery who wrote (40696)4/22/1998 7:09:00 AM
From: donald sew  Read Replies (1) of 58727
 
Gersh,

WASHINGTON, April 21 (Reuters) - The U.S. Federal Reserve will raise interest rates to prevent the world's top economy from overheating unless Asia's crisis dampens the frenzied pace of growth soon, Fed Governor Roger Ferguson said on Tuesday.

I purposely posted the first paragraph of the link you gave. Its pretty powerful, and if that was stated during a normal trend the the futures would be down a whole lot more than 10 cents, as it is now.

It is quite obvious that such report is being discounted. I also realise that most are discounting the fact that interest have climbed substantially over only the last 2 session and getting real close to 6% again. I know, many feel that the rates will just drop again and never cross 6% and DEFINITELY WONT go any higher.

Gersh this is such a dangerous period to trade in, with either longs or shorts.
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