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To: accountclosed who wrote (58153)8/24/1999 8:30:00 AM
From: bill meehan  Read Replies (2) | Respond to of 86076
 
AM: I think that's very unlikely given Mr. G's H-H testimony and the ECI, employment/wage and productivity data. I agree with the overwhelming consensus that the Fed won't move after Oct due to Y2K, so the Fed will "move when it can," which means they almost have to tweak rates today. While many of us on this thread believe the Fed has no credibility, the overwhelming majority of investors/traders think highly of Mr. G and simply moving to a tightening bias would damage his credibility.



To: accountclosed who wrote (58153)8/24/1999 9:45:00 AM
From: John Pitera  Read Replies (1) | Respond to of 86076
 
I think that with the djia making a new all time high yesterday that further neccesitates the Fed to move today.

I wonder if Wayne Angell, who now works for a street firm is towing the company line to a degree. No one wants to hear bad things about the stock market and not from your broker -g-


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