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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Jordan who wrote (46623)	6/28/1999 6:57:00 AM
From: lee kramer	Respond to of 120523

JEFF JORDAN: The Sept futures have already priced in a a 50 basis point rate increase. I've said this numerous times; Alan Greenspan is a stand-up guy, a straight shooter and he said that he's gonna up the rates by 25 basis points this week (if my read of his remarks last week was accurate). I'd not worry id for some reason they're bumped up 50 basis points, in fact I very much hope it happens. If the market tanks on the news it'll be a nice opportunity to buy a few of my favorites and a few of Jenna's. For some unfathomable reason there's a bunch out there that continue to say "well, the Fed eased last Fall by 75 basis points, now it's time to take it back." Last Fall there was a compelling reason to drop rates sharply and quickly; the LTC scare and the real threat of a continuing global financial panic. This is no longer a threat. Low rates are good for all but the shorts. I'll lay 3 to 5 that any rate increase will not exceed 25 basis points. I've got my powder very dry, have a bunch of cash (85%) and hope that we'll see a heavy volume sell-off. Meanwhile, as it's been for the past two months...it's hit and run for me. (Lee)