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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 652.53

-1.5%

Nov 20 4:00 PM EST

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To: James F. Hopkins who wrote (16137)	6/6/1999 1:33:00 AM
From: Stephen	Read Replies (2) of 99985

The Fed will raise rates ...... heck ... they have already virtually told everyone its coming ... and to not act would undermine the work the TYX.X has done and possibly push any potential overheating of the economy into overdrive before a potential fall. The bigger question is whether they maintain their tightening bias aswell. If they do that, the market will pull back in a reasonable fashion. If they don't, the market bubble will continue to grow. Course the nightmare scenario is rising rates with hidden deflation kicking-in. But thats another story ...... Stephen

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