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Technology Stocks : America On-Line (AOL)

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To: Tunica Albuginea who wrote (19114)5/28/1999 10:55:00 AM
From: Steeny  Read Replies (2) of 41369
 
TA: ALthough I also can't believe that the FED will raise soon, there are some very bright insiders who very strongly believe the FED will raise in June(Goldman's analysts along with many economists). Yesterday's insider report pointed to the fact that the Fed has moved away from a reactionary stance to pre-emptive. The Medley report is extremely closely watched by insiders(the only people who have initial access to the it). Although it isn't said, the Medley report has a strong link to FOMC voters. The most recent report basically said that the FED will raise unless inflationary #s get WEAKER. This surprised many traders who had assumed it would take STRONG #s to raise. This means if #s come out flat, the report says the FED will raise. The hawks on the FED really want to take back the 25bps they gave to save Asia. Tuesday's NAPM will tell a lot.
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