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Technology Stocks : INTEL TRADER
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To: John Harton who wrote (4603)11/11/1998 4:40:00 PM
From: Chris  Read Replies (2) of 11051
 
John,

I tend to agree with your view of Fed activity. Someone else (JT?) also mentioned the US consumer as THE driving force. I am baised that the Fed will not take action in November. But... If AG and gang are more concerned about consumer spending during the holidays, a 1/4 drop in November is the perfect thing to boost consumer confidence during the holiday spending season. A December meeting action would be too little to late, IMHO.

Other's brought up issues about currency and bond effects that I don't have a good grasp on. My question/conern of the moment is the affect of no Nov. fed cut on the market. My own guess is a 300-500+ point drop of the Dow, and a big hit on the NASDAQ.

Just my own WAG (wild ass guess)

Christopher
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