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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: The Perfect Hedge who wrote (27057)	6/15/1999 2:55:00 PM
From: Judy	Respond to of 50167

Beebs, if the gdp is nebulous, a 1/4 interest hike is a given as is my box of Godiva's from OJ and the internet sector could begin to set a bottom. Setting a bottom does not mean it will go straight up. If the gdp is very strong, a 1/2 point hike may be in the cards or at least the Feds will mumble something to that effect at the FOMC. With a 1/2 point rate hike, the internets will be toast until things get more benign. Recall the oil services and driller stocks ... I left two posts on that thread surmising a secular correction and let the market takes its course. It took over a year ... Besides, why would a daytrader care about the long-term anyway?