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To: GST who wrote (64512)	6/24/1999 9:58:00 PM
From: KeepItSimple	Read Replies (1) \| Respond to of 164684

Here's a better place for the discussion in general: techstocks.com

To: GST who wrote (64512)	6/24/1999 9:59:00 PM
From: Tradegod	Read Replies (1) \| Respond to of 164684

Then it sounds like the best thing for Uncle Al to do is pop it a quarter point, with a tightening bias, and leaving everyone puking on what's next. That way the bond would continue to selloff, taking stocks down with it and he can just look innocent, and say "Geez guys I only bumped it a quarter" Masterful

To: GST who wrote (64512)	6/24/1999 11:01:00 PM
From: BGR	Read Replies (1) \| Respond to of 164684

GST, I have to disagree on almost all the points you make. 1) Greenspan has made it quite clear that Spring cleaning is not in his mind and he is continually checking the data - which stubbornly refuses to be anything other than benign. (I mean, like, check the spin, the unemployment claim goes up, but doesn't go up enough. What!? A few days back there was talk of further labor market tightening!) 2) The Japanese do not want a weak dollar, period. 3) UK is dropping rates, have to - their largest trading partner, the EU is facing a recession and the sterling is too strong. They are also selling gold to indirectly weaken the sterling (the cash raised goes into buying other foreign currencies). So, gold is a goner for now. -BGR.