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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Henry Volquardsen who wrote (855)	10/9/1998 1:01:00 PM
From: Robert Douglas	Read Replies (1) of 3536

Henry, I suppose that if I have heard the rumor then everyone else has. I speak of the rumor that the Fed is poised for a rare inter-meeting rate cut. Do you think it has any validity and if so is there any way left to play it? Nov. Fed –Funds contract is already at a 5% level. Of course a half-point cut, or two cuts totaling a half point would still make this a profitable play. By the way, have you covered your T-Bond short yet? I am covering mine sometime today. (Want to relax over the weekend <g>) -Robert

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