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To: William Hunt who wrote (26018)	5/16/2000 12:17:00 PM
From: Sonny McWilliams	Read Replies (1) \| Respond to of 27012

Thanks Bill. 2 more hours. I vote for 1/4 point since I don't believe in any rate hike. But I will probably be voted down by the FED because the markets expect 1/2 point or the market will be disappointed. If I ever heard anything more crazy. The market WANTS a 1/2 point rise. Who the heck is the market in this case? gg. And then it makes you wonder why those pundits always think that we need one more sell off, one more sell off, one more sell off. I never understand why another sell off would make things better. It's only good for traders. BTW. Relief rally. It looks to me that we are having a relief rally for the last 2 days now. Sonny

To: William Hunt who wrote (26018)	5/16/2000 3:01:00 PM
From: Sonny McWilliams	Read Replies (1) \| Respond to of 27012

Bill and thread. They did it. Raised both the rates by 1/2 point. The market loved it so much that we cut the DOW and NAZ gains in half. gg. But the day is not over yet Let's hope that this rate hike will be one of the last. With this rate hike I did sell my WMT. Internationals should have a harder time in this higher interest environment. But then you never know for sure how things will be perceived. I guess the rest of the world will thank us when they will be struggling more. I did buy MO with my WMT proceeds. Talking about internationals. gg. But the yield and some what I am hearing made me do it. I can't blame you know who for my purchase of MO. Dell etc. is taking a hit. But those who were hoping for a 50 basis point rate hike should be coming in any minute now and buy those interest sensitive stocks. But I will not hold my breath. At least people on the lower end of the spectrum will not have to worry about a wealth effect. Some of their outstanding balances incurring higher interest rates should make it harder for them to buy, buy and buy again. Just kidding. And those on the lower end, who were hoping of buying a home soon, may be affected also. What fighting a benign inflation scenario can do for the good of mankind! Sheesh. Oh, those great games bankers play. It looks like we now have a totally inverted bond yield. I used to think that this could spell a big slowdown and maybe even recession if overdone. But what do I know? Things change so. This tighter money could make it harder on this new paradigm. Maybe that's the goal? BTW. I guess everybody heard that Abby Cohen is still bullish and is standing by her S&P numbers for this year and next? I can't quite remember what her numbers were. 1565 by year end and then around 1650 next year. She mentioned this in a speech this morning. At least the bull market may not be dead, as some pundits say. Is anybody having problems with their Yahoo today? Correct quotes on MY Yahoo are very slow. Sonny