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Non-Tech : Invest / LTD
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To: Challo Jeregy who wrote (3011)9/16/1998 11:36:00 AM
From: The Ox  Read Replies (1) of 14427
 
The most recent market rally was due to expected easing by the fed. If AG doesn't at least hint at loosening, I think the market will sell off big time.

Now if AG hints at a possible tightening of fiscal policy, watch out below. I don't expect this scenario to play out, although I do believe a very good case can be made for raising rates.

I should state that for most of this last year, I really thought AG should have lowered rates. Over the last 2 months, I have begun to change my position in this matter. Right now, I believe that AG should not mess with rates.

We will know later today.

Michael
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