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To: Clappy who wrote (8370)	3/20/2000 7:50:00 PM
From: Sully-	Read Replies (1) \| Respond to of 35685

My 2 cents..... - If the FOMC goes 1/2 point, the market will tank, too much me thinks. Old economy companies will wilt under the weight bringing the New economy companies down with it. - 1/4 point is expected. Houses could still use this to scare money out of the NAZ too. Any excuse will do for the houses. - No rate hike will cause the market to fly. Ain't gonna happen. AG has made it clear we have made too much money in the market. He knows no hike, however appropriate this choice may be, will result in the market running hard & long. Nope, rates are goin' up me thinks. I agree with Jim Willie's analysis. The FOMC will make another mistake tomorrow (1/4 point). Watch & listen to the analysts the houses march in front of the cameras afterward & you will get a clue how it will play out IMVHO. I'm not sure the downside is over. Me thinks they want capitulation this time. Besides, I'm sure lots of folks are in or near margin calls after last week & today. My guess is the houses will immediately start ranting about "More hikes to come!" BWDIK w2 FWIW, I am fully bullish on QCOM & the NAZ. I'm just not so sure about the next few days.

To: Clappy who wrote (8370)	3/20/2000 7:51:00 PM
From: Michael Kucera	Respond to of 35685

re: It appears that right now Mr. Greenspan has the Nasdaq right where he wants it. The houses have many fooled that the money belongs with the old establishment. The Naz may be sitting with almost a 1/2 point discounted into it. when the G-man talks about the stock market he means the Naz in particular...this has been the most calm and orderly pullback I have ever seen, I feel sorry for those who are being scared into selling techs and actually buying"old economy". I think you are right about one 1/4 pt increase and that's it for the year.

To: Clappy who wrote (8370)	3/20/2000 7:58:00 PM
From: candide-	Read Replies (1) \| Respond to of 35685

Hi clappy, I have no idea what Greenspud will do, but here's what I'm doing. I'm 100% covered right now. I will sit with my trades loaded waiting for the news. If no rate hike, I'll uncover all. If 1/4 hike, I'll uncover half. If 1/2 hike, I'll run for cover....just kidding, I'll do nothing. FWIW C-

To: Clappy who wrote (8370)	3/20/2000 11:10:00 PM
From: Jim Willie CB	Respond to of 35685

FedFunds futures contract has 100% probability of 1/4 pt hike Greenspoon likes the orderly nature of 1/4 pt hikes it avoids chaos and disruption, which he has promised expecting no change in his bias posture (not explicitly stated no more) inflation is a major problem only if you smoke cigarettes, drive a truck and are unable to pass along costs... I am concerned that widespread rise in transportation costs will affect non-technology industry sectors... so this rate hike plus energy higher costs will hurt old economy doubly... eventually it will filter to tech sector fundamentals we have clear sailing until next FOMC on May 16th Gspoon is way off on propensity for individuals to spend 401k funds, other retirement funds, and life savings I seriously doubt a 1/4 pt hike will stop Naz this time either one more and we have a 20-25% NazComp correction in August CreamStrummer, you got a solid pinhead on those shoulders / Jim