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Strategies & Market Trends : Waiting for the big Kahuna

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To: Philipp who wrote (30763)	10/8/1998 7:21:00 AM
From: donald sew	Read Replies (2) of 94695

>>>>>>>>>if the fed eases one full point we will be at a better point to finally head north again,in 1987 the fed eased by a point within days of the crash.<<<<<<<< >>>>>>> They did and undoubtedly they will do this again, though they will be a bit more careful this time, since last time the Fed overreacted by easing too much after the stock market correction, thereby causing inflation and the next severe recession.<<<<<<<< Those dreaming that the FED will cut rates by a point - well lets just say they are dreaming. I hear little discussion of the huge drop in the US DOLLAR. US$ was trading at 135-140 YEN for a long time, now trading under 120. seeya

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