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Strategies & Market Trends : Tech Stock Options

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To: Stephen who wrote (56727)	10/30/1998 11:29:00 AM
From: Lee	Read Replies (1) of 58727

Hi Stephen,..Re:but with the market this strong and the domestic economic data also looking stronger than expected, I seriously doubt that AG & co will fuel this by cutting interest rates again. If I may offer an opinion, Jim already stated why the Fed would continue to lower rates and it doesn't have a lot to do with the state of the economy. This can be verified by the lack of reaction in the bond market to the recent strong ECI and Q3 GDP. Jim stated The FED will continue to do whatever it has to do to avert a banking liquidity crisis. and I agree that the liquidity crisis has more troubling short term implications than strong economic data. Regards, Lee

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