Bob Brinker: Market Savant & Radio Host Message Board

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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: Diamond Jim who wrote (8437)	10/15/1998 5:54:00 PM
From: MrGreenJeans	Read Replies (1) of 42834

The Bull Lives! <<1)Bob said the 1/4 cut before was an indication that there was no more bad news out there that Greenspan knew about, so what does this sudden cut indicate?>> Rate cut is indicative of many factors...getting the US economy going and back on track down the road, increasing liquidity, getting rates more in line with inflation, keeping the financial markets steady and consumer spending consistent... <<2) I think it was a pretty crappy way to cut the rate, with about 1/2 hour to go before the closing bell. Why didn't they wait until 4:00 EST?>> They wanted to do it when the market was open so all had a chance to act and react. Why 1/2 an hour before the bell and not early in the afternoon who knows? <<Check out MER, seems they knew before CNBC announced it.>> There was speculation this was going to happen because the Federal Reserve had a conference call on Friday? which they would not comment on...

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