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To: RR who wrote (28654)8/12/2000 5:25:58 PM
From: Jim Willie CB  Read Replies (1) | Respond to of 35685
 
RangerRick, voices are now widely speaking of next Fed move being a rate ease
some pundits, but more importantly the bond pits and futures players
this is where the real smart folks work

I personally expect the next move to be an easing
but it might occur in November
no more rate hikes until then
the last few ill-advised hikes this spring havent filtered thru yet

I dont subscribe to the notion that we launch uninterrupted, undeterred, beginning after LaborDay and continuing thru December
I believe we have some serious rallying in early Sept
but this autumn in October I expect some really shaky days
my best guess now: rally too hard in September, take some back in October

it will NOT be widely recognized that the Fed is done hiking until this autumn, when they refused several times to hike, and continued moderate economic data streams in

the Fed has always overdone it... this time they have the benefit of a torrid technological expansion underway which will buffet their "mistakes" this spring... but only when the economy slows to 3% GDP this autumn will any rate easing be seriously considered by those old crusty farts at the Federal Reserve

I see you now like Extreme Network
my best friend kept talking them up about one year ago
he was right, and I think you are right now also

later, Jim