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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (31638)	5/31/2000 9:06:00 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 50167

GZ i am not thinking short here..in fact the action today wasn't all that bad...i expected some kind of profit taking from a record high...not unusual...and really not much... no i think the lows are in...and now as we head thru these eco reports, more and more they will be signaling and end ot rate hikes..we are slowing for sure..the housing, durable goods, NAPM numbers, wages etc all were soft today... i think we'll move higher thru the FOMC...as the numbers start to show the effects of 6 straight rate hikes... not saying he won't raise again...and maybe even .50..but that is it...and he will say so... this to me is a win win situation.. i am mildly bullish here GZ..with one eye open, and not taking many longer term positions yet... i hate to be on the other side here..but i am<G>... best to you..OJ