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Pastimes : Ask Mohan about the Market
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To: Zeev Hed who wrote (16909)11/1/1998 10:58:00 AM
From: Crimson Ghost  Read Replies (1) of 18056
 
Zeev AG indeed has ample room to cut rates again to prevent a meltdown. But he needs to horde his ammunition carefully. I doubt he will ease much more (maybe another 25 bp) as long as the Dow stays over 8000. If he were to ease aggressively now and drive the Dow to 10,000 he would be setting the stage for a tremendous drop with very little ammunition to ward off disaster.
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