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To: Jerry Olson who wrote (46274)	6/24/1999 2:36:00 PM
From: 8-Ball	Read Replies (2) \| Respond to of 120523

I agree with you about the 1/4pt increase. Greenspan would not pass up a chance to 'tap the brakes' without causing a ruckus. I remember about 5-6 weeks ago when the April CPI # came out and the big question on CNBC was 'is this enough to cause the FED to raise 1/4 pt?' Now we have talk of the FED raising three times (3/4 pt). What data has come out since the April CPI # to validate three quarter point moves by the FED? Nothing!!! 1/4pt is all we get on the 30th...I am a bit concerned about the bias though. Maintaining a tightening bias kind of scares me, and possibly the market. I'll tell you what if we get a 1/4 pt and a neutral bias we are of to the races DOW 12500;NAZ 3000...BIG RALLY. How do you say it? OOoooohhhh Yeeeeaaaahhhhh!!!!! 8-Ball

To: Jerry Olson who wrote (46274)	6/24/1999 2:39:00 PM
From: Wallace Rivers	Respond to of 120523

I agree OJ...IMHO, 25 bp, certainly not 50 bp. The stock and bond markets, by correcting of late, have also done some of AG's bidding for him.