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Technology Stocks : CMGI What is the latest news on this stock?
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To: SHGLaw who wrote (9070)6/1/1999 9:33:00 PM
From: bargainman  Read Replies (1) of 19700
 
SHG -- I tend to agree with Jenne about the rate increase, probably .25 basis points. Not enough to crash the market, but enough to let us know they mean business. If the Fed doesn't bump the rate after all this pain and suffering, stocks would probably spike up and we'd get hit harder the next time around. I think the market is already accomodating .25 and the Fed probably ought to go ahead and do it and remove the uncertainty. Hopefully it will be enough to calm things and we won't have to look at a bigger bump next time around.
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