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To: BEEF JERKEY who wrote (700)	10/24/1999 11:04:00 PM
From: LLCoolG	Read Replies (2) \| Respond to of 4187

How is a rate increase a certainty? First of all, the averages are down significantly off of their highs. If GreenDork is trying to keep a lid on the markets, he already has. Second, there has already been chaos in the long bond. Very recently, the yield is up significantly. Do we want 9% mortgage rates? Last, and most importantly, why would he be raising rates so close to Y2K? If people do make a rush to take money out of banks and the markets out of irrational fears, I would think that they would NOT want to be raising rates at this time. You need to be a little more coherent. I understand your little TV snippets, but your broad generalizations seem to lack context or something. If you really know that a rate hike is a certainty in November, you should be working on the Street for millions per year instead of strolling on this board. G