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To: Mike M2 who wrote (58027)8/23/1999 6:09:00 PM
From: pater tenebrarum  Read Replies (2) | Respond to of 86076
 
i disagree on that - if there is no rate hike tomorrow, we may well sell off after an initial knee-jerk reaction. the reason for this is that the bond market would probably not like it at all - if the Fed doesn't raise rates in the face of the ECI and productivity data, the bond market will interpret it as a weakening of the Fed's resolve in the fight against inflation and that won't cut it with the bond boyz.


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