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To: elliottrules who wrote (115065)3/19/2005 1:18:12 PM
From: jjstingray  Respond to of 209892
 
I am actually with you ER. I see interest rates falling. I know they are slowly rising here, but when interest rates were low and everyone was out there saying they are going to climb, I thought they would stay flat. Just way too many people thinking it is a given that they are going to rise a bunch.

I actually think Greenspan does not raise rates this week and that could provide the markets with a short term burst up. Then ultimately, it will work against the market because once reality sets in and people start to question why he didn't raise, people will sell.