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Politics : Idea Of The Day

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To: Nancy who wrote (20374)	9/13/1998 11:01:00 AM
From: Jerry Olson	Read Replies (1) of 50167

Morning Miss Nancy Yes I remember when he did this in Mar 97, the market tanked 1000 point or so...<g>... i've said it here Nancy I did not think he'll lower rates this months FOMC on the 29th...but would wait to gather more evidence about the slowing of the economy... however, you never know about the G-7...could be a chance of concerted world wide rate cuts to stem the coming recession... the surprise would have a wonderful effect on the markets...explosive!!! would be the word i'm looking for...esp..if he cut by .50 basis points...wouldn't surprise me...one bit.... but yes your probably right..he'll wait...some European Countries might move on their own though... anyway the market should move higher here into the 29th...when he doesn't cut, we should selloff again IMO...that's how i'm playing the short term anyway......FWIW....>}

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