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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: pater tenebrarum who wrote (82029)1/3/2000 1:49:00 PM
From: clochard  Read Replies (1) of 86076
 
What is this guy trying to do, get assassinated?

Monday January 3, 1:39 pm Eastern Time
(Note: this article is ''in progress''; there will likely be an update soon.)

Morgan Stanley's Wien -Fed to hike rates 100 pts by yr-end

NEW YORK, Jan 3 (Reuters) - Morgan Stanley Dean Witter's U.S. investment strategist Byron Wien said Monday that he sees the Federal Reserve beginning a monetary tightening in the spring and hiking rates by more than 100 basis points by year-end to slow the economy.

The tightening, combined with high valuations, will spark a stock market slide that will take the Standard & Poor's 500 (^SPX -
news) down 25 percent, where it will remain for several months.
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