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Politics : Idea Of The Day
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To: Jerry Olson who wrote (26597)5/27/1999 1:23:00 PM
From: Jeff Jordan  Read Replies (1) of 50167
 
some bullshit rumor out of "a source" in Wash. that the FED will raise rates sooner than the next FOMC....NAH!!!! don't see that???

To: +James Strauss (26348 )
From: +Jeff Jordan Wednesday, May 19 1999 11:11AM ET
Reply # of 26603

James,

My concern is, when will the FOMC actually tighten? Remember last fall when the street expected the FED to loosen and when they only lowered 1/4 the market corrected in disappointment.... then we were surprised 2 weeks later w/ another 1/4....which we had a major rally.

So, now we see the market continue it's exuberance....will this force the FOMC to surprise us again if the market doesn't adjust to it's new policy of openess? $TYX doesn't seem to be reacting to the FED's guidance?



I wouldn't be surprised....no one saw that last surprise coming either?

Jeff
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