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To: Defrocked who wrote (56122)	8/11/1999 5:07:00 PM
From: MythMan	Respond to of 86076

who knows anymore. Protecting the bubble at any and all costs seems to be the goal. Therefore I could see Greeny not raising. Oil is due to kick in this PPI/CPI so we'll see how they doctor that report. The only puzzling thing today was why gold shot up. It's not supposed to if all is well in stock/bond land.

To: Defrocked who wrote (56122)	8/11/1999 5:09:00 PM
From: wlheatmoon	Read Replies (2) \| Respond to of 86076

<<BIODKJS.>> ? but, I only do know jackshit? -g-

To: Defrocked who wrote (56122)	8/11/1999 5:48:00 PM
From: Investor2	Respond to of 86076

I can't imagine a scenario in which the Fed does not raise rates. Most likely, it will be a 0.25% increase. The next most probably action, IMO, is a 0.50% increase. The least probable scenario is no increase. I believe that I do agree with heinz in his projection that the economy will then slow down. This in turn will take long term rates back down. Which all means that bonds will be a buy in the not-to-distant future. As a matter of fact, the bond market has probably already discounted enough of an increase to slow down the economy, so the buying opportunity may be very soon. As far as stocks, the future direction will depend on Greenspan's ability to direct the economy to a soft landing. If he can, we'll see a bumpy road in the equity markets but prices will continue to bump against the highs for a while. Much like 1994, I think it was. If the G-man can't make the soft landing this time, P/E ratios will compress significantly. In a hurry. Y2K is a wild card in the above scenarios. It could help bonds and hurt stocks. Of course, Uncle Sam could lose track of all of my Treasury Direct money, too. Best wishes, I2