Stocks Crossing The 13 Week Moving Average <$10.01 Message Board

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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: Bucky Katt who wrote (6129)	5/19/2000 7:05:00 PM
From: James Strauss	Read Replies (1) of 13094

I am surprised people seem to be giving little heed to the 1/2 point increase today. The cost of money is very, very important, and it is going up, fast. William: Marty Zweig's old statement "Don't fight the tape, and don't fight the FED" are ringing true... A 1/2% increase to the prime rate is a big thing... The FED could probably stop right now, because the last three rate increases are beginning to take their toll... The last 3/4 of a point are yet to take their toll in addition to the prime rate increase... It wouldn't surprise me if the FED starts cutting rates some time this fall... Jim

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