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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF -- Ignore unavailable to you. Want to Upgrade?

To: DMaA who wrote (19696)11/16/1999 2:22:00 PM
From: Scrapps  Respond to of 22053
 
Rally mode now! Neutral bias [EDIT] Whoops...uh oh! That didn't last too long. [RE-EDIT] OOPS! now back upward. eeeccckkk!



To: DMaA who wrote (19696)11/16/1999 3:18:00 PM
From: Moonray  Respond to of 22053
 
I admit to being very shocked by this:

Fed raises interest rates one-quarter point
Posted at 11:49 a.m. PST Tuesday, November 16, 1999

mercurycenter.com

I thought we might even have a rate decrease, due to Y2K. I hear the
Treasury is printing year-end money like mad. If there is no run on
the banks, Y2K will start with the world's biggest bonfire.

o~~~ O



To: DMaA who wrote (19696)11/16/1999 3:32:00 PM
From: Moonray  Read Replies (1) | Respond to of 22053
 
The Federal Open Market Committee was persuaded to raise rates not so
much by troubling economic data as by the calendar. With the next
FOMC meeting coming on Dec. 21, just 10 days before the great
unknown of Y2K, and the following meeting not until Feb. 1, the
central bank opted for a pre-emptive move now instead of panicking
the Millennium crowd or waiting for more than two months.

cbs.marketwatch.com

o~~~ O


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