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Pastimes : Ask Mohan about the Market

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To: Crimson Ghost who wrote (16921)	11/1/1998 4:03:00 PM
From: Zeev Hed	Read Replies (2) of 18056

George, we are in trouble, we agree again. I think that the decline will be contained well above 7950, making it difficult for the FED's to lower rates this Nov 17, particularly if we do not get corrections to the recent GDP growth of 3.3% for the last quarter and if unemployment does not surge above 5%, neither of which, I think are in the card. They'll use their clout if we somehow crack down again due to the Nikkei finally breaking decisively under 13,000, or Brazil devaluing or who knows what new catastrophe (like the long term bond going all the way back to 5.375 or higher due to the dollar breaching 112 yen/dollar?). Zeev

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