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Strategies & Market Trends : Roger's 1998 Short Picks
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To: Hank who wrote (14155)9/28/1998 11:42:00 PM
From: Tai Jin  Read Replies (1) of 18691
 
I believe that the market will be turning down this week or next. I don't think the FOMC will drop rates this time around. And even if they do, it'll probably be 25 basis points which will be a disappointment. Personally, I don't know why they would even consider dropping the rate - it won't help much if the rest of the world markets go to hell in a handbasket.

...tai
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