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To: John Rowton who wrote (19385)	10/27/1997 11:42:00 PM
From: Jack T. Pearson	Respond to of 176387

IMHO Greenspan won't raise rates. He may have to lower them soon.

To: John Rowton who wrote (19385)	10/27/1997 11:54:00 PM
From: hpeace	Read Replies (2) \| Respond to of 176387

john, you're crazy...raising rates isn't in the equation at all... where do you dream this stuff up. with the fareast currency problems lowering rates is a possibility. raising rates isn't even on the horizon.

To: John Rowton who wrote (19385)	10/28/1997 12:45:00 AM
From: Mark Fowler	Respond to of 176387

Yes Iwould rather get it over with too. But the circuit breakers do help calm the markets some. Because of computer program trading things are moving alot faster today than twenty yrs. ago, I think you need some mechanism to slow the trading down. Probably hit bottom this week than back up in a trading range. Remember the markets tend to swig to the extreme both ways. I will be very surprised if the Dow gave back everything it has gained for the yr. Definitly would be in an over sold market. I've herd that the traders on the floor of the exchange were clam and orderly, so I just don't see a panic in this market. Greenspan will not raise interest rates nor even hint to it on wed. He got what he wanted today. The economy will slow a bit in '98 and I don't think it will need help from the Fed.