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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?


To: Wally Mastroly who wrote (9568)10/29/1999 8:37:00 PM
From: Justa Werkenstiff  Read Replies (1) | Respond to of 15132
 
Wally: Re: " Frankly, I still think there is a better than even chance of a rate increase at the Nov. FOMC meeting."

After today's action in the market, I think the probability is greater than 50%. I'll peg it at 75%. Gee, the wealth effect created today going into the holiday season must have made the Green Man dizzy. I don't think he is a happy Chairman tonight.

Re: " Still some time for more data to be digested (& plenty of time after Halloween for the rubber chicken circuit Fed guys to spin a negative web & whipsaw the market to the downside)."

Agreed.