The Justa & Lars Honors Bob Brinker Investment Club Message Board

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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: Justa Werkenstiff who wrote (6284)	6/29/1999 7:18:00 PM
From: Greg Jung	Read Replies (1) of 15132

Well I suppose the fomc needn't even discuss the matter further, as "everyone knows" they will raise rates the meager 25 points and then see what the economagic computer derives to be the outcome. I heard a very bizarre confidence in this humongo-model (300 equations, blah blah) described by a former fed governor. Reminds me of the Carter or Ford years when everything was flying out of control and they were twirling the knobs frantically in the belief that it mattered much. Now we have Billions of dollars entering the market in the form of rampant speculation, exiting in the form of so many Gen-Xer's batmobiles meanwhile the bubbly is flowing and we reach for the credit card because if the Joneses can afford it, by god we can too. If the fed action is to have any of the intended effect whatsoever it needs to be a shocker, the market has been playing Greenspan for a boob and he needs to wake it up. 50 points and retain the bias. Yeah! doit! Greg

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