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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: MrGreenJeans who wrote (1175)9/24/1998 10:26:00 AM
From: Justa Werkenstiff  Read Replies (2) of 15132
 
MrGreenJeans: Excellent post.

Re: " Let me add some months ago Bob Brinker suggested the Federal Reserve would have to cut interest rates, even at the time the Fed had a bias to tighten, and that call is one that is becoming right on the mark."

Brinker called for an interest rate reduction a few weeks back for the sake of the economy. He did, however, say last week that the Fed move on September 29th was a tough call but if were a betting man he would bet against Greenspan making a move at least at the September 29th meeting. I expect he will be riding the bull high and mighty this weekend. Greenspan is on the investor's side and you should never bet against the Fed when its actions support the market. It almost always wins in the long run.
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