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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 679.68

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Nov 26 4:00 PM EST

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To: Techplayer who wrote (55268)	6/26/2000 10:42:00 AM
From: Tunica Albuginea	of 99985

OT/Techplayer, I agree with NYTimes J. Crudele that the Fed has to hike rates, ~60% chance nypostonline.com This is the biggest bull with the most froth and it is still frothing at the mouth inspite of 7 rate increases. The Market is it's own worst enemy. It does not understand that the Fed -IS targeting it -it IS targeting irrational exuberance and, -DOES want to take away the punch bowl before the party goes wild. And yet, everytime it raises rates, the party gets wilder. If after no increase now they have to raise .25 in August, that may not be enough and then they have to keep raising during election or raise a big .50. By then they risk being perceived as " soft " on inflation. Then inflation psychology takes on and people will start asking for higher wages. If it has no effect, then they have another .25 or .50 in August. ( I've prefaced this post with OT because this is my only opinion ), TA Message #55268 from Techplayer at Jun 26, 2000 8:05 AM ET tunica, Is that your assessment? It would appear that the consensus right now is that rates will remain as they are until August. tp

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