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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: MrGreenJeans who wrote (5996)6/17/1999 11:41:00 PM
From: Hank Stamper   of 15132
 
Mr. GreenJeans paraphrased Mr. Greenspan: "Should interest rates rise, markets would likely fall, he said."

But will they? If the rate gets hiked .25 at the end of the month markets will not likely fall, Mr. Market seems to be saying these days. Brinker said the odds favour a rate hike of .25 and there is a likelihood of the markets reaching new highs.

So, my Mr. Canoehead logic tells me: deflating the markets will require a series of perhaps three or more rate hikes to do the deed.

(Humm.... I wonder what the real identity of Mr. GreenJeans is?)

Ciao,
David Todtman
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