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Technology Stocks : Keane The leading y2k service provider

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To: zx who wrote (788)	10/15/1998 6:59:00 PM
From: Lee Lichterman III	Read Replies (1) of 1316

Who knows!!! Only Greenspan can make an irrational exuberance speech at DOW 5000 area and then cut the rate when we are at 8100. It will all depend on how this affects all the big brokerages and banks since anyone paying attention this week was leveraging themselves for a uge drop in the next 2 weeks. With this surprise move, I figure G-span just killed 10 more hedge funds and who knows how many banks and other brokerages that were short at 3:30 today. He may have revived the bull short term or long term. On the other hand, he may have just sealed the fate for a bear market. If enough big banks etc just got hurt like many I know including me <g> by this surprise move, we may crash even harder down the road. The rate cut won't affect KEA directly but it will affect the attitudes of KEA investors. KEA has no debt so the cut won't help them. The rate cut could however help their customers who can now afford to finance the required IT services that KEA provides. I won't know about the health of the market now until this knee jerk reaction to the cut wears off and we trade a couple days to watch the A/D ratio, volume and patterns. Already I am reading some articles saying how the Fed has now used it's ace in the hole and will not cut a third time in short order so we could be in trouble down the road where as if he hadn't cut today, he could have waited to see how much they needed to cut in November more accuratelly. This early action will not leave enough time to gauge the effect accuratelly in time for the next meeting the 17th. Good Luck, Lee

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