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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Justa Werkenstiff who wrote (12644)3/21/2000 6:48:00 PM
From: Investor2  Read Replies (2) of 15132
 
The Fed said: "Economic conditions and considerations addressed by the Committee are essentially the same as when the Committee met in February."

Which means: "The February rate increase didn't even phase the economy or the stock market, so we'll raise rates again and see if that does anything."

The market said: "It's going to take more than a bunch of old men playing games with interest rates to stop this great earnings growth."

It's a game of Chicken ... Who will back down first?
Will the Fed finally get tired of being characterized as old fogies who don't understand the advances in technology? Will they give up this silly game of raising of interest rates?

Best wishes,

I2
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