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Technology Stocks : Dell Technologies Inc.
DELL 122.70+0.2%Nov 18 3:59 PM EST

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To: LWolf who wrote (69139)10/5/1998 8:43:00 AM
From: nihil  Read Replies (1) of 176387
 
RE: Fed and the Market

There is no evidence that FOMC thinks the stockmarket is underpriced, The FOMC faces the declines with equanimity, viewing the decline in spending that they expect as acceptable, and perhaps even desirable so it is not worried about deflation in the U.S. "The information reviewed at this (Aug. 18) meeting suggested that domestic final demand continued to expand at a robust pace." Of course, we will have to read the minutes of the last meeting carefully, but I would be surprised if anyone expressed concern about the drop in the market. The FOMC knows it much provide liquidity, but money supply growth is way ahead of targets. The FOMC is not going to bail out the stock market until it is cut off at the knees (~4000).
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