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Strategies & Market Trends : Range Bound & Undervalued Quality Stocks -- Ignore unavailable to you. Want to Upgrade?


To: JakeStraw who wrote (2140)5/16/2000 2:21:00 PM
From: Esway  Read Replies (2) | Respond to of 5499
 
Well now that we have gotten the 1/2 point rate raise out of the way I wonder if volumes will return to the market & speculation over future rate hikes start to ease, with the friendly economy numbers we have seen over the last few weeks?



To: JakeStraw who wrote (2140)5/16/2000 3:02:00 PM
From: BWAC  Read Replies (1) | Respond to of 5499
 
Bank of America ups prime rate to 9.50 percent

Too High. Expect rates to fall before the end of the year. Political pressure was already high for no more rate increases last time Gspan spoke to Congress. The pressure to not move anymore will be higher now.

9.5 is cost prohibitive to many, many small business owners. And prospective young first time home buyers are reaching the point of being price dout of the market.

Too much. Too high. Politically can't continue. Inflation or not.