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Strategies & Market Trends : LastShadow's Position Trading
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To: LastShadow who wrote (15775)6/17/1999 9:33:00 PM
From: AlienTech  Read Replies (1) of 43080
 
>>Up until I reread that just now, I ws thinking, "well, no increase this month...but why didn't the market keep climbing if thats true?"
<<

I thought he said one rate increase at the next meeting but not sure but no increase for rest of the year, Unless there is no rate increase at the next meeting in which case a rate increase of 500 basis points will be some time later in the year. I think he also indicated not all 3 rate cuts were really necessary.
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