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Politics : Formerly About Applied Materials
AMAT 322.32-5.6%Jan 30 9:30 AM EST

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To: Paul V. who wrote (64586)6/25/2002 7:34:08 PM
From: michael97123  Read Replies (2) of 70976
 
Paul,
I caught a zeev post that says there is a 10% chance that he will raise rates 1/4% to (A) show the world that he has full confidence in the recovery, (B) strenghen the dollar and attract money back to ......yup the US markets. Zeev said 10% chance but there apparently some talk of this on wall st.(I checked) as an outside chance. Rumors abound.

Prediction--if he were to do that markets would rapidly and violently sink and then recover because of A&B. This recovery could actually prove to be the reversal because the volume would be high. I would be all for doing it except for the timing. Too bad they didnt plan on the fed meeting after 7/4. Greenie may still move--the fear is the that the stock market may become a self-fulfilling prophecy for going back to recession. mike
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