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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: Cynic 2005 who wrote (48919)6/23/1999 7:06:00 PM
From: BGR  Read Replies (1) of 86076
 
Mohan,

From thestreet.com:

...

Beyond Ford's dosey-do, bonds were roiled by rumors a consulting firm -- presumed to be Washington-based Johnson Smick -- reported the Federal Reserve will raise interest rates 50 basis points next week, instead of the market-pleasing 25. But CNBC's Ron Insana, who's been accused of worst-case-scenario-ism by some pundits, put an end to that, helping spur a late-day recovery in stocks although bonds paid him no nevermind.

...

-BGR.
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