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Strategies & Market Trends : WILL COCA-COLA ALWAYS GO UP?
KO 71.54-0.2%Nov 12 3:59 PM EST

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To: john griffin who wrote (1256)9/24/1998 6:40:00 PM
From: Stephen   of 1462
 
John, Greenspan will never lower rates to help out the equity markets, but he will lower rates to maintain liquidity in the global market place because he knows if he doesn't the domino effect will feed itself. The question is not when but how much. 25 points and the market will drop anyway, 50 points and there will be a rally for a short period only. I feel that he may only do the .25 with a clear message that another .25 is on the cards for the next meeting. That way he can do the minimum and try to get away with it. Anyone who still thinks that he won't be dropping rates has not been paying attention (GG)

Good luck all

Stephen
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