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Technology Stocks : America On-Line (AOL)
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To: Joe S Pack who wrote (17090)5/14/1999 12:27:00 PM
From: Steeny  Read Replies (1) of 41369
 
IMO, most bondtraders priced in a tightening bias this morning. The mkt will not selloff on a bias change anymore. Actually, the shock would come if they remained neutral. This would cause a big rally. I actually think bonds have priced in the bulk of a 25 bp raise already(about half). Stocks have factored in a tightening now as well. There might be a slight selloff, but not much.
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