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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: Defrocked who wrote (40994)5/14/1999 10:57:00 AM
From: Henry Volquardsen  Read Replies (1) of 86076
 
Tuesday will indeed be interesting.

FWIW a lot of the market is staring to factor in a tightening so it won't be as much of a surprise. I do agree that a preemptive hike now would actually be good for the market. It has just been my feeling that Greenspan tends not to go in for preemptive moves. He lets things play out a while but then acts very decisively and you get a more deliberate program. Since there is not enough evidence yet for multiple hikes he may be cautious. Just a hunch of course and we will find out next week. Should be fun.
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