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To: John Pitera who wrote (66333)	10/4/1999 10:32:00 PM
From: bill meehan	Read Replies (2) \| Respond to of 86076

John, you may be right. While I think it's a "no brainer" that the Fed should move to a tightening bias (which I believe it really has, irrespective of what they announce tomorrow), I really don't have a strong opinion on what they're going to do. But I really don't think it matters that much. Tightening bias will lead to giving back today's stock market gains, possibly more; no change in bias probably leads dollar and bonds lower, which will also cause selling in the stock market.