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To: Sergio H who wrote (4925)8/21/1999 5:41:00 PM
From: James Strauss  Read Replies (2) | Respond to of 13094
 
May I [Cut] In? : >

Jim, contrary to general opinion, I don't think that we're going to see the Fed raise interest rates next week. The market has already factored in the hike and we would probably get a rally if in fact the Fed does raise.

Very provocative Sergio... : >

But, AG has his marching orders... He must take back at least one more 1/4 point of the rate cuts last fall... The sooner they do it prior to Y2k the better... This leaves the FED room to cut rates in a Y2k emergency...

The 22% earnings growth in conjunction with post FED rate increase euphoria spells New Highs in the market... : >

Jim