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Politics : Ask Michael Burke

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To: Dushyant Narayen who wrote (80725)	5/16/2000 4:25:00 PM
From: benwood	Read Replies (1) of 132070

What amazes me is that the market rallied on every interest rate cut a few years ago. Now it rallies on interest rate hikes, too. The bigger the hike, the bigger the rally. Clearly, interest rate movement is the key. <g> What a schizo market -- interest rate jitters of a rate hike, followed by a pre-rally in expectation of a bigger hike than previously expected. Hello, anybody home?!??!

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