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Non-Tech : Invest / LTD

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To: The Perfect Hedge who wrote (4858)10/30/1998 4:24:00 PM
From: SJS  Read Replies (1) of 14427
 
Beebs,

IF the bulls don't get their rate cut in NOV, look out below. This insanity is ALL based on the prospect for a rate cut. My bet is that Greenspan can't lower rates any more for a while until he sees the net effect of the two he just did.

Sure, he created a lot of money, wealth and a psychology change (including help in filling the coffers via capital gain taxes...) but the net effect on the economy is not apparent.

If you play the upside now, be ready to get the hell out or buy expendable puts around the FED meeting time. Buy your puts now, so that you don't pay up in volatility as we move closer to the date...
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