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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (31537)	5/24/2000 8:37:00 AM
From: Logain Ablar	Read Replies (1) of 50167

Ike: They never ring the bell @ tops or bottoms but your targets / ranges / strategies sure help all that read your posts. I'm always of the theory the MM's will try to inflict the maximum pain. With everyone now talking of breaking 2,900 and going to 2,500 to 2,200 area (which would indicate major crash and recession, which I don't think the FED is trying to do) I would think we are now very close to putting in the bottom, maybe today (maybe yesterday). Painfull correction in an overall bull maket. Unless we have runaway inflation (not yet anyway) I don't see the FED needing to put more pressure on the breaks (.25 @ most and doubtful in June). Tim

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