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Technology Stocks : INPR - Inprise to Borland (BORL)
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To: TTOSBT who wrote (1165)9/9/1998 2:19:00 PM
From: Charles Hughes  Read Replies (1) of 5102
 
>>>He always says: "DON'T FIGHT THE FED!!!!"

Yes he does, but you should read more carefully. He bases his theory on actual fed rates actions, not smoke. Additionally, his theory of rates has you look for more than one cut. Finally, these are supposed to be discount rate cuts, which are far more fundamental than fed funds rate cuts.

None of that has happened. When it does, it's time to get excited. As today's actions shows, just talking about action is only good for a one day pop.

Yours,
Chaz
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