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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (34986)	5/22/2000 6:51:00 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 63513

I think that OG is right that there is a lag to the effect from rate hikes. I believe that the last numbers that came out were very benevolent on the inflation front which demonstrates that the hikes are working. I think that this last hike show in the numbers for a month or two. It's like driving in snow. If you go into a skid, it is very important to not overcorrect. Don't get me wrong, I think that the market needed to cool off, but I think that the fed has overcorrected at this point.