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Technology Stocks : Altaba Inc. (formerly Yahoo)
AABA 19.630.0%Nov 6 4:00 PM EST
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To: craig crawford who wrote (14783)10/15/1998 4:16:00 PM
From: Oeconomicus  Read Replies (1) of 27307
 
The Fed had no business cutting interest rates today.

They did if they see enough risk or evidence of a recession to justify not waiting for a regular meeting in just a few weeks. To do this on a day when the PPI came out well above expectations is another hint at the sense of urgency at the Fed. The hawks are toast. Tomorrow, we get the CPI and, perhaps more importantly, industrial production and capacity utilization.

Gee, do you think recessions are good for stocks? Better go buy some internuts.;-)
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