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Technology Stocks : Ampex Corporation (AEXCA)
AMPX 10.48-3.1%2:53 PM EST
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To: Alan Cassaro who wrote (9137)6/12/1999 3:32:00 PM
From: RidgeRunner  Read Replies (1) of 17679
 
AC, is there any doubt that the Fed's likely increase of 1/4 point is already factored into the market? The bond market certainly already reflects the increase, and stocks have been dogmeat for days - you would think that a full point increase in the Fed rate was coming.

So, if the Fed does increase rates by 1/4, then it should be a non-event. If the Fed does not raise rates, then the market is off and running toward the summer rally.

In either scenario, the impact on AXC should not be negative.

RidgeRunner
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