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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 679.70

+0.7%

4:00 PM EST

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To: Steve Misic who wrote (24099)	8/29/1999 2:13:00 PM
From: Jerry Olson	Read Replies (2) of 99985

LOL Steve, it rallies because bonds rallied...AG is doing his darndest<g>, to keep this market from exploding to the upside.. but i'm betting he will not raise again..3 steps and a stumble is the credo..we would be in for a big major major selloff...if he does it again...and did i say BIG???? he can't take that gamble...we'll slow anyway because of the the other 2 hikes...it usually takes 3-6 months to get into the system...we'll slow alright... i don't think he wants to hurt the little guy who's just now begining to feel the wealth effect a bit...now if congress can put together a nice package without a tax break..we'll be fine...i praying the Repulicans don't get their way..any major tax move would be very very inflationary imo/....negative for the markets and the economy...

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