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Pastimes : ASK Vendit Off Topic Questions -- Ignore unavailable to you. Want to Upgrade?


To: JB who wrote (2033)10/4/1999 6:00:00 PM
From: Venditâ„¢  Read Replies (1) | Respond to of 19374
 
Yes sir you did........now let me quote as best I can the ideas of a friend that does not post on this board but someone I respect very much.

***"What everyone expects is no rate increase but perhaps a bias toward tightening. If that is in fact what the Fed does, then the market will probably rally briefly, then sell-off. If the Fed unexpectedly does pull the trigger, the market will drop like a stone."***

The bottom line is ........any rally tomorrow could be looked at as an opportunity to sell into unless you think we have already had our Fall sell off.

I personally don't think we have.

IMO
Vendit