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To: BGR who wrote (50279)7/1/1999 9:28:00 AM
From: Defrocked  Read Replies (5) | Respond to of 86076
 
Congratuations Boogerboy, you've made my sh&tlist,
which is quite exclusive since its hard to get named.

If you had sold the Sept contract short the day of the "bones"
comment you'd still have credit in your account. Further,
recall that rates moved up to 6.25% in the interim.

Do you believe 6.25% won't be tested again as this next
wave of stock mania motivates consumers to spend? And as
Japan and Europe come on-line? Lock in your mortgage rates
now, if you haven't already and assuming you have a mortgage.

The Fed did nothing more than "follow the market" with
a weak 25bp bump. But by moving to a neutral stance they
actually signaled "loosening" to the market given the
expectations that existed. Corporate hedgers won't be
sitting on their hands nor will the pit.

But hey, I could be wrong. And hopefully it won't cost me
much money. But at least I've the conviction to put money
on my opinion since February and posted that belief beforehand.
I haven't seen much of your opinion posted, other than
fence-striding, index-based pablum which isn't even original.
And now you attempt to "dis" me ex-post? FY and the couch you
rode in on.