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To: Ruffian who wrote (18769)5/14/2000 3:17:00 PM
From: Jim Willie CB  Respond to of 35685
 
I agree, RuffDog, 50bpt hike is like an explosion within a firey forest
it would interrupt the oxygen feeding process quickly
it would put a sudden end to the destruction

the bond market has priced in 50bpt hike
the FedFunds future contract indicates 75% chance of 50bpt

another 25bpt increase seems like one more link in the endless chain
any relief rally from 25bpt will last about 90 minutes
however, 50bpt increase will be widely regarded as the last, with perhaps a final 25bpt stupid insult in June

kind of like having an old man who slaps your face backhand
every friday night another backhand slap
wish he'd just beat the tar out of me once and for all
get it over with, putting an end to it
then in June he spits in my face once more
abusive bastard

/ Jim