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Biotech / Medical : Ligand (LGND) Breakout!
LGND 195.83-0.7%Dec 26 9:30 AM EST

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To: Skeeter Bug who wrote (25477)9/16/1998 10:29:00 PM
From: Russian Bear  Read Replies (1) of 32384
 
SB,

For what little it is worth, I have to concur -- no change at the next meeting (there are a number of reasons, not the least of which are pride and giving the appearance of being in control -- lowering rates at this time would be "unseemly.") However, I see a strong likelihood of a rate reduction (25 basis points? maybe 50) at the following FOMC meeting.

Nancy's insights into this should prove interesting.

RB
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