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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (43643)	9/26/1999 12:26:00 PM
From: Andeveron	Read Replies (1) \| Respond to of 94695

>> AG may be secure but he is not immune. << AG has given fair warning, about 3000 Dow points ago and Rubin has exited the premises. Clinton will soon be holing up in New York in another white house. No one to blame...

To: William H Huebl who wrote (43643)	9/26/1999 1:08:00 PM
From: Gary105	Read Replies (1) \| Respond to of 94695

My take on G7 meeting over the weekend: 1. U.S. made commitment to boost savings rate - look for Fed to raise rates despite weakening market and indications that earlier rate increases are beginning to have effect. 2. No official coordination to stop yen rise, maybe unofficial, maybe not. Monday should be interesting on this one. 3. Japan to boost spending "within constraints of zero interest rates". They tend to move slowly on this, also there is so much they can do given their zero interest rates - they must move quickly and firmly or else the yen continues to strengthen. In summary, while the meeting may have some long term impact, it provides modest hope at best for those looking for a quick fix to the strengthening yen. Monday will be interesting. Gary P.S. - the only wildcard (on the positive side), i see is if there is a coordinated move on monday involving the BOJ boosting Japan liquidity and an upward move in rates by the Fed in advance of FOMC meeting.