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Strategies & Market Trends : Tech Stock Options

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To: Trey McAtee who wrote (55593)	10/15/1998 10:32:00 PM
From: John Sikora	Read Replies (2) of 58727

Trey, I believe the 25 basis point move a couple weeks ago did nothing to convince people that the FED was truly cognizant of the severity of the potential slowdown...By acting today the signal was clear that the FED is officially aware... and in the ease mode... and willing to provide liquidity...Thus we got a 300 point sigh of relief...Does it cure any of the problems this market is trying to digest? Probably not...But in the short term the FED may be the only stabilizing factor this market can fall back on. Also by moving today the likelihood of another move in November increases...Today's move had a bit of drama wouldn't you say? Unfortunately IMO it only underscores the fragile nature of this global economic malaise... john

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