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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: AC Flyer who wrote (39738)10/18/2003 5:51:42 AM
From: Maurice Winn  Read Replies (2) | Respond to of 74559
 
ACF, surely the Fed will start raising interest rates soon. They don't want another round of irrational exuberance after the carnage of the last shambles.

I have been patiently waiting for this market crunch to be tidied up. It has taken 2 years longer than I thought it would. Yet nearly 4 years into the market crunch we are still at super-low USA interest rates, which means the bottom is still not accepted as being established.

I want to see USA interest rates zooming up and savers being properly rewarded for their restraint. Borrowers will have to work to pay for the privilege of borrowing somebody's hard-earned savings.

Companies with big cash accounts, such as Microsoft and QUALCOMM, will be able to go shopping when interest rates get back to 7% or even higher and heavily indebted companies need financial support.

Mqurice