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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (26345)	5/19/1999 10:14:00 AM
From: James Strauss	Read Replies (1) of 50167

Ike: Today the markets seem to be having a relief rally as a result of no move by the FED yesterday... But, I agree with you that the change in Bias to raise rates does put a cloud behind the horizon of today's sunshine... I'm going to play this one day at a time... Currently the A/D numbers are positive and the New Lows are below 40 for the second day in a row... At about 3.00pm I'll be making some long side decisions if this positive market breadth continues... But, whatever I may do today or in the short term doesn't minimize the eventual negative impact of the FED's change in interest rate bias... It hangs like the Sword of Damacles over the market... Jim

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