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To: PaperChase who wrote (68316)10/12/1999 6:19:00 PM
From: Jack of All Trades  Read Replies (1) | Respond to of 86076
 
hmmm, Dow close today has been trimed by 1000 pts from the high on 8/25. I haven't seen them step in yet and that's ~9% hair cut



To: PaperChase who wrote (68316)10/12/1999 6:20:00 PM
From: Tim McCormick  Respond to of 86076
 
It won't matter what the Fed does. At this point the easier they get the higher long rates go. Tim



To: PaperChase who wrote (68316)10/12/1999 6:20:00 PM
From: Defrocked  Respond to of 86076
 
The Fed cannot ignore the attendant response
by the currency and bond markets, which would
be quite negative IMHO. In fact, now more than ever,
since everyone "expects" such behavior from the Fed
it more than likely would backfire.<ng>


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