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

To: Boca_PETE who wrote (9932)	11/17/1999 4:24:00 PM
From: marc ultra	Read Replies (1) \| Respond to of 15132

Pete re<<<< re: <"three steps and a stumble" rule?> Do the three interest rate hikes in this rule refer to hikes in the DISCOUNT RATE ? or do they just refer to FED hikes in short term rates ?>>>> I would assume 3 hikes in the Fed Funds rate would qualify but I don't know. Perhaps if the Fed Funds rate is raised 3 times and the discount rate is raised less times you only start to fall down the stairs but are able to grab the rail fast enough so you're only banged up and not splattered<g>. In other words I am clueless about the specifics you ask about Marc