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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 28 4:00 PM EST

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To: Lee Lichterman III who wrote (31768)	10/28/1999 9:53:00 PM
From: TimbaBear	Read Replies (1) of 99985

Well, to me, it means he's not tipping his hand yet....I think the Fed tightens the 1/4 point next month by taking the position that, although Corporate America can't raise prices (even if costs go up) because they are afraid of losing market share, the economy still doesn't need to have the impetus it needed before (taking back that third cut)....I also think they will maintain their bias toward tightening until clearer signs of either wage pressures moving into prices, consumer demand accelerating even more due to the "wealth effect", or some world event causes the world economic picture to drastically change....I think he is saying that the bond market appears to be doing the job of slowing things down due to higher rates, but he is uncertain that this is enough.

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