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

To: MrGreenJeans who wrote (11610)	2/2/2000 8:48:00 AM
From: Wally Mastroly	Read Replies (1) \| Respond to of 15132

Mr GJ, Re: "..half point hike -It is not going to happen..." You may be right (but I still think this market could use a wake up call). It will be interesting to see the choice of words the FED uses with their release (now that they are dropping the bias-type statements). I think the Greenman needs to indicate that the FED is ahead of the curve. Obviously a quarter point is already in the market. Brinker usually says watch what the FED does, not what they say. However, IMHO - in this situation, both may very important for an indication of future rate action. The previous rate action may start to have a slowing effect on the economy soon, coupled with other factors such as sustained oil prices, lower post-Y2K money supply action, etc.