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Technology Stocks : Broadcom (BRCM)
BRCM 54.670.0%Feb 9 4:00 PM EST
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To: Mr. Miller who wrote (900)2/24/1999 9:49:00 PM
From: Raymond Duray   of 6531
 
Hi Mr. Miller,
<I think the idea of
raising rates is stupid. It won't happen.>

IMHO, I'm neutral on stupidity. It seems to come into play as often as not in FRB policy, at least historically speaking, that is. FWIW, I'm also neutral on hubris.

We'll just have to wait and see, to paraphrase Keynes, in the long run, rates will rise....
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