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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Justa Werkenstiff who wrote (781)9/8/1998 2:01:00 PM
From: Wally Mastroly  Read Replies (1) of 15132
 
Justa, Re:"a psychological positive"

I think you hit the nail on the head relative to Greenshades comments.
I don't think there will be a market let down if he does not lower rates at the next meeting - for a couple of reasons.

One: he stopped short of saying he would. And two, I believe some of the affect we may be seeing in the market today (& in the near future) is due the fact that there is relief that the Fed may no longer be leaning toward a rate hike - but rather either be staying neutral or leaning toward a cut.

My guess is that the Fed will not move on rates at the next meeting, but continue to monitor the situation. Then, my guess is for 1 quarter point reduction at the following meeting.

That's my 2 cents worth on the subject. (Tell Lars not to send me any change from my 2 cents - but rather apply it to defraying the costs of the market timer clapper development).
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