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Politics : Ask Michael Burke
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To: Michael Bakunin who wrote (34024)10/15/1998 10:24:00 PM
From: Knighty Tin  Read Replies (1) of 132070
 
Mike, All news from Microsoft is good news. <G>

I think we have already had the lion's share of this rally. By about Tuesday folks will have sobered up, realizing that it will be at least another week or two before Alan cuts again. The way these scams work in bear markets is that each cut has less and less impact on bond rates. Note that the 30 year rate is higher today than it was after the previous cut.

MB

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