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Technology Stocks : Ciena (CIEN)
CIEN 207.29-0.7%Nov 11 4:00 PM EST
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To: Daniel W. Koehler who wrote (2693)9/4/1998 11:31:00 AM
From: Doughboy  Read Replies (2) of 12623
 
Daniel,

I would be very surprised by a rate cut. Bias at the Fed is still toward a rate hike, and I think changing some of those governors is like a supertanker making a u-turn. IMO, Greenspan is happy where the market valuation is right here, and he would be reluctant to cut rates and spur another run up to Dow 9000. As for the foreign markets Greenspan has always stated that he does not believe in using Fed monetary policy to advance foreign interests at the expense of inflation-fighting.

Would be happy to be wrong.

Doughboy.
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