today's chart Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : today's chart

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Claud B who wrote (1008)	9/19/1998 2:54:00 PM
From: Terrence Von Holidae	Read Replies (1) of 1267

Claud: A reduction in the in the Federal funds rate will take place. It will also have the perverse effect of pushing longer-term interest rates higher. This will occur as a result of foreign long- bond securities selling as the dollar's attractiveness declines. The dollar and its fungible agencies become less valuable as the interest rate is reduced by the Federal Reserve. International exposure to the dollar is estimated conservatively at $650 billion. Total international exposure to the dollar and its derivatives, however, is higher by perhaps an order of magnitude. The DJIA is set to begin its third-leg move. It would not be inconsistent for the DJIA to decline below 5,250. Third moves often advance to about 125% of the aggregate initial two steps. The time- horizon for such an occurrence cannot be established without influencing it's outcome. However, such a move can begin anytime here forward. Yours, T.V.H.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next