Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (64184)	9/24/1999 9:09:00 PM
From: bill meehan	Read Replies (2) \| Respond to of 86076

Haim, I've seen little evidence of any cooling in the housing market. Most are convinced the Fed will not raise rates on the 5th, which I believe is correct. Whether the Fed moves to a bias to tighten is a more difficult call. However, unless we see signs that the economy is cooling before the November meeting, which I don't think is likely, the Fed will raise rates then. Of course, we all know what will happen if the stock market tanks before Easy Al gathers his merry band in November. You may be right about the bonds, but I saw 115.16 as first resistance, which was today's high. Events over the weekend will dictate whether the bounce has more to go. I agree we could see a move to 116.16 - 117 if the market is still well bid on Monday.