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Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Ron McKinnon who wrote (44566)	11/5/2002 12:50:26 PM
From: Larry S.	Respond to of 53068

While good companies do not need to borrow, the ability to refinance existing debt at lower rates is a significant benefit to corporate coffers. My gut says no rate cut, with the proviso that the fed is beginning to see a strengthening in the economy. these words will do MUCH MORE than a 1/4 point. cnbs is talking that a 1/4 rate cut is 100% factored into the market. so a 1/4 cut would be a non-event. no cut would actually be viewed positively, i believe, and a 50 would bring on hell. larry