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Technology Stocks : Dell Technologies Inc.

DELL 133.78

-0.1%

Nov 14 3:59 PM EST

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To: Patrick E.McDaniel who wrote (58511)	8/17/1998 12:32:00 AM
From: jbn3	Read Replies (3) of 176387

FOMC Patrick, I doubt that we will get a rate cut for the following reasons: Greenspan has been trying to slow the market and restrain "irrational exuberance" for some time. Now general market conditions are accomplishing his goals for him. Further, from some of Lee's posts, I gather that several FOMC members have been pushing for higher rates; the potential damage to weakened Asian economies due to additional capital flight has been one of the strongest grounds for not raising rates. I believe that a reduction in the Fed rate would make equities even more attractive, and tend to spur the market out of its current malaise... That would be anathema to AG's position and desires. So I don't think it will happen. But Lee is our 'resident Fed expert' -- and would be the one who's ideas I'd most like to hear. thanks and excuse me for jumping in. DELLish, 3.

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