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Politics : Formerly About Applied Materials
AMAT 261.81+0.4%3:59 PM EST
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To: advocatedevil who wrote (50841)8/20/2001 4:10:17 PM
From: Ian@SI  Read Replies (2) of 70976
 
AD,

If the Fed removes the bias tomorrow, I'd predict a sharp rally regardless of what it does to the Funds or the Discount rates. Given 2 consecutive months of LEI gains (June and July), and that we're more than 1/2 way through August, I'd expect a more optimistic outlook from the Fed is imminent. If not tomorrow, then at their subsequent meeting.

FWIW,
Ian
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