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Strategies & Market Trends : Tech Stock Options
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To: Jerry Olson who wrote (43010)5/12/1998 1:55:00 PM
From: joe smith  Read Replies (2) of 58727
 
OJ,

hey permabull, what would it take you to join the bear camp? a question for you sir. if you feel markets are very expensive now, what do you think could drive them higher? also, why do you feel there is little chance al will raise rates next tues?

IMHO we have seen the top and its just a matter of enough distribution taking place before the ineviteble nasty correction. i feel al should raise rates but think he wont, because he is too chicken shit to be the straw that broke the markets inflated back. i do agree that if he does, we better batten down the hatches for the storm to follow.

whats your thought on what would happen if rates were left as is? do you see a few hundred point pop on dow or since many expect it, a non-event?

js
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