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Strategies & Market Trends : Three Amigos Stock Thread
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To: Sergio H who wrote (8395)9/6/1998 4:35:00 PM
From: James Strauss  Read Replies (1) of 29382
 
>>>until the we start seeing a definate trend(inflation, deflation
etc.), the Fed is very likely to stand pat.<<<
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Sergio:

In the end we're all dead... : >

While we are here we'd better heed the warning signs... Just because the FED didn't take action to lower rates doesn't mean they were right... Now, even if they do lower rates it's probably too late to avert a Recession... If they stand pat, as you suggest, a recession will be unavoidable... It's time for FED action, not for more indicator watching... At the rate their going, they won't lower rates until the Dow is 1000 points lower... Maybe then they'll get the message...

Jim

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