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Technology Stocks : America On-Line (AOL)
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To: D.J.Smyth who wrote (19428)6/1/1999 1:54:00 PM
From: Steeny  Read Replies (1) of 41369
 
Sorry for making Mcdonough's comment seem stronger than it was. I took it from memory. I guess you don't feel the Fed will raise. I am afraid it is inevitable unless We start getting some really weak economic data.
IMO, there are weakening signs on the horizon. Asia stalled, Y2K, Commodities slump, stock market well off the highs. I am merely gauging what they will do, not what I hope. Look, the voters were all around during the roaring 80s when the Fed got killed for being behind the curve. They are almost all old-school and haven't bought the "new world order" yet (high growth, low unemployment, low yields). They would rather err on the side of caution.

Just hit the tape- Rivlin says CPI was worrisome, but no clear sign of inflation. Rivlin is a well known dove.
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