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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Wally Mastroly who wrote (7696)	8/12/1999 9:30:00 AM
From: Justa Werkenstiff	Read Replies (2) \| Respond to of 15132

Wally: Re: "JEREMY STRETCH, CURRENCY ANALYST, NATWEST GFM, LONDON: ''That is going to increase expectations of ... a (Federal Reserve) rate move on the 24th and ..." Ask Stretch how the markets can discount a 25 basis point move any more when everybody already is already of the opinion it is a done deal? His opinion is a stretch <g>! Re: "perhaps a move of more than 25 basis points and that's going to keep U.S. asset markets very much on the defensive." Tell Stretch the offense has the ball now and only really bad PPI or CPI will cause a turnover. The offense is going to try to win this short term with ball control toward the August 24th meeting.