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Strategies & Market Trends : Tech Stock Options
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To: donald sew who wrote (57572)11/17/1998 12:11:00 AM
From: Dwight E. Karlsen  Read Replies (1) of 58727
 
"Meanwhile, short-dated paper like bills and 2-year notes were held hostage by diminished expectations of a Fed easing at Tuesday's FOMC meeting."

cbs.marketwatch.com

Count me in the "diminishing expectations" camp: How can Uncle Al cut interest rates when IPOs like the two internut issues last week make new one-day trading records, one after the other? Where is the fear which triggered the last couple of rate cuts? Answer: There is no fear anymore, and hence no need to cut rates again. IMO.
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