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To: Boplicity who wrote (10873)6/9/1999 3:18:00 PM
From: ahhaha  Respond to of 29970
 
Mostly it's the institutions who create the bottom. They support the bear by bidding below the market. Price moves in the direction of the bid. The institutions are the public and then the public is the public. The term is ambiguous. The public who manages their own money are pretty savvy even if they're patzers. The institutions have a political script to follow, so they must go over the falls. This is the price they pay to be the market.



To: Boplicity who wrote (10873)6/9/1999 5:04:00 PM
From: FR1  Read Replies (1) | Respond to of 29970
 
IMHO, The key factor in determining the interest rate outlook will be next Wednesday's Consumer Price Index report.

That was what got the fed moving last month. Some say it was only a one month spike. Others say no.

Nobody wants to wait until the end of the month for the fat lady to sing so a lot of interest will be on the CPI.


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