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Technology Stocks : Compaq
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To: S.C. Barnard who wrote (35876)11/5/1998 2:56:00 PM
From: JRI  Read Replies (1) of 97611
 
*OT* I agree about your comment about the hawkish ones (the Cleveland Fed guy, right..and I think another mid-Westerner)....I'm sure there will be one or two dissenters (concerning another rate cut)...but my understanding is it is ultimately his call (symbolically or in reality)...I think the odds strongly favor at least one more .25 move (nov. 17), and, I would say, most likely 2 more .25 moves (the 2nd before the end of the year).....Next year, I think they'll reasses e-of-y data...2 more cuts should be enough to put a floor on the overall equity market....October 8 is turning out (more and more) to be the best buying op in many, many years....
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