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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Techplayer who wrote (55678)	6/29/2000 1:18:00 AM
From: patron_anejo_por_favor	Read Replies (3) \| Respond to of 99985

<<it was reported on CNBS that Merrill made a call to its' clients today before the Fed announcement stating that the fed rate hikes were over for the year and that the Nasdaq would continue on to a new high by year end.>> So Merrill thinks fed rate hikes are over? It won't matter to the markets if they are over! The Fed has painted itself into a box; if they don't raise we get inflation (whether acknowledged by the BLS or not) and the bond and fixed income markets collapse as well as the dollar. When that occurs, its game over for stocks. If they do raise, they tank the stock market more directly. Check out Bill Gross's take on the impending credit implosion (he's not generally thought to be a permabear, BTW) pimco.com If Merrill's market strategist is wrong, it certainly wouldn't be the first time!<G>