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: Wally Mastroly who wrote (7529)	8/6/1999 10:02:00 AM
From: Justa Werkenstiff	Read Replies (1) of 15132

Wally: Re: "You of course know that I put "worse" in quotes intentionally - to represent consensus expectations." Well, you are correct, Wally, but the market does not care because it has been discounted already. Yesterday, we got the productivity number which sucked and the market did not care. This was a big clue as to market events forthcoming. Over the past few days I have posted the probability data for a Fed. rate hike and we saw that the futures had discounted a 100% chance of a .25 point. Now that discounting has been matched by stability in the stock market. Thank you for being a great messenger <g>!!

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