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

To: Investor2 who wrote (12649)	3/21/2000 9:00:00 PM
From: Justa Werkenstiff	Read Replies (3) \| Respond to of 15132

I2: Re: "It's a game of Chicken ... Who will back down first?" If you asked me tonight, I would say that the stock market is winning and that the Fed. is viewed as a sideshow. Can't deny the rally in the long bond. But ask me again at the end of the week who is winning. Rally-the-rate-hike has failed on four prior occasions. That is a 100% failure rate. Re: "Will the Fed finally get tired of being characterized as old fogies who don't understand the advances in technology?" Funny, despite all the new economy talk, technology company insiders dumped their shares at a record pace in February. I guess they don't get it either. Insider sales were at $22B. And this matched the increase in margin debt dollar for dollar in February. Insider outflows = increase in margin debt. Now why don't I like that equation? On the other hand, will the stock market finally get the Fed. message? Oh it has gotten a message. And that message is that the Fed. talks a great deal but when push comes to shove the gradualist shows up and it is 25 basis points as preannounced and rally ho. Re: "Will they give up this silly game of raising of interest rates?" I can't see them stopping now.