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Strategies & Market Trends : Waiting for the big Kahuna
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To: robnhood who wrote (33807)11/17/1998 8:16:00 AM
From: bearshark  Read Replies (1) of 94695
 
russell: Before any rate cuts were made, I thought the FOMC should cut rates by 100 basis points in two installments of 50 basis points. I felt that way before LTCM. I think there will be more cuts but I think they will be in December and a bit later. If the FOMC cuts today, it may be a reason to worry more than if they do not cut.
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