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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: MrGreenJeans who wrote (6267)	6/25/1999 10:26:00 AM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 15132

MGJ: Re: " It is not clear in my mind whether or not Bob's comments were reflective of more than one rate increase." He did mention last week the possibility of a .50 increase and this did not change his opinion any. So if it is .25 twice it still adds up to .50. Now don't forget earnings this quarter. I expect the NASDAQ to go higher after June 30th if the Fed. does not saying something adverse in accompanying the rate increase. The Fed. will have done its deed then and the market will try to anticipate good numbers. It happened last quarter. And no matter what you or I think, the market did not give us much of a correction when we were considering the multi rate increase scenario weeks ago. This is not a new idea. All these talking heads were talking a rising market last week when they assumed it would be only one rate increase. Give me a break. Prior to that revelation (which has no basis in fact -- nobody knows) the market was considering multiple rate increases and gave us squat as a correction. Also, don't forget 1994 where we had a whole bunch of rate increases and the market could only muster a 10% correction. True, equity valuations were much lower then.