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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (16018)	6/26/1999 9:47:00 PM
From: James Strauss	Respond to of 29382

The Market On A Silver Platter... Sergio/Jim: When Alan Greenspan gave his testimony before Congress the other week he spoke more clearly than he usually does... Without directly saying it he hinted at a single rate increase... History shows that he likes 1/4% changes... So, we get that 1/4% rate increase next week... But, I'm not sure whether the FED bias will change to neutral... If it changes then we get a rally... If it stays with the bias to raise rates we will see a continuation of market weakness... Jim

To: Sergio H who wrote (16018)	6/26/1999 9:48:00 PM
From: Ken W	Respond to of 29382

Sergio, Totally agree with you on the Fed. Looking for 1/4 point and going neutral is a good idea. Too much of a raise too fast will throw the econ. of S. America and Asia back into a turmoil. After all that is why we dropped in the first place, to allow them the time and lee way to reconstruct their econ. Also agree on the rally after the news is out, thus the amount of cash I'm sitting on right now. ' Ken