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Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?

To: Henry Volquardsen who wrote (1905)	7/1/1999 10:58:00 AM
From: Paul Berliner	Read Replies (3) \| Respond to of 3536

I've been thinking... this bias upgrade by the Fed from tightening to neutral may wind up sowing the seeds for a steep selloff. After all, how is the market going to react when the Fed suddenly announces that it is again leaning towards a tightening??? The effects on the market may be more severe than had they not upgraded to neutral. So now the market has another thing to worry about. This Fed is either stupid or crazy. I have a feeling that they are under coersion to be very amiable towards the financial markets because an election year is on the horizon, but further analysis of this latest maneuver has left me quite perplexed as to their gameplan.