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Strategies & Market Trends : Interest rate rise will trigger market crash / correction
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To: Big Swinging Dick who wrote (13)2/28/1997 12:41:00 PM
From: Arthur Tang   of 52
 
Thank you, Dick

Watch the FEDs on overnight discount rate not feds fund rate. Feds fund rate is between bankers. So, all the banks are 5.25% at the end of the year, because liquidity is good. The brokers are all 5.50% to 6.5%( Goldman Sachs and Morgan Stanley, especially). No value in this survey.
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