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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Justa Werkenstiff who wrote (9157)10/8/1999 11:36:00 AM
From: Wally Mastroly  Read Replies (2) of 15132
 
Justa: CIBCR analysis writeup tells me that a quarter point increase is a lock (by the Fed at the Nov. meeting).

Except for the fact that it might really spook the market, I think that Greenspan could even be contemplating an increase before the meeting... As has been pointed out, "it's the wage inflation stupid..."

Despite an occasional Xerox, etc., earnings seem to be as good - or better - than expected (so far at least).

Obviously there will be a bunch more data out before the next FOMC, including a CIBCR update for October (on Fri. 5 Nov.). But, I think a FED increase in Nov. makes more sense than one on Dec. 21st ( just before Y2K).

Of course, if the Greenman wants to keep most markets going sideways,
he could keep the bias on & do nothing till early 2000.........
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