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To: vip who wrote (21380)6/11/1999 11:55:00 AM
From: Tunica Albuginea  Respond to of 41369
 
+vip I think the market should get a life. The problem with the market as has been stated before is that they think that they are the focus of Al Grenspan when in fact stability of prices with growth is the Fed's target. There have been many times in the past when raising interest rates ( and raising taxes )put economies on the slow track or recession. The market on it's own has rates at 6%. No.1 let us see if this sticks,No2. if it does that alone will slow things down. For the Fed to micromanage the economy every 4 months is silly,

TA



To: vip who wrote (21380)6/11/1999 12:20:00 PM
From: CGarcia  Respond to of 41369
 
Have you ever thought that maybe this is how the FED wants a correction to take place? The fear of a rate hike is worse than any rate hike that could take place...Heck there's been so much of a correction that if they raised rates 1 point tomorrow, the market would rally on relief that such a big hike meant no more hikes for at least another year or 2...The market is all about fear and anticipation, and rarely ever about facts.


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