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

To: kathyh who wrote (32044)	6/26/2000 11:07:00 AM
From: James Strauss	Respond to of 50167

i am wondering about the fed meeting and the impact it has on the timing of your prediction... this month as i understand it, there is a two day meeting, and i was thinking that an announcement would happen weds. afternoon, not tues... although i don't know this for a fact... if indeed that is the case and we dont know about rates until weds, does that change the timing of your prediction, ie would you expect the major upswing tues going into weds rather than monday going into tues? Kathy: You're absolutely correct... The rate decision will come on Wednesday... That's even better... It gives traders a free day to build positions into a coming rally... The main thing to focus on is the change in the FED's stance after this meeting... The market will love that... Jim