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.

Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: Eric who wrote (28764)	10/20/1999 12:53:00 PM
From: Gerald Walls	Read Replies (1) \| Respond to of 77400

If you look at past market history when there is a significant turning point it has almost always been the result of the "third rate rise". Psychologically this would be very damaging for the market. My belief is that the Fed will hike once more regardless of how benign the economic indicators are. Greenspan has it in his head that he's going to take back all of the "Asia Insurance" and the only thing that would stop him is an economic down turn, not just a slowing of growth. The only question in my mind is if he'll continue to beat on the market by stringing us along a while more or if he'll do it at the next meeting. If it's not done in November I don't think he'll do it until after Y2K. (The Fed meets in early November and mid December, right?)