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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: bearshark who wrote (9281)	11/6/1997 9:42:00 PM
From: marcos	Read Replies (1) \| Respond to of 94695

"Here is a potential scenario. I think the Fed wants to raise interest rates next Tuesday. As of now, there is not a lot of concern about that. Investors do not believe it will happen because of the monetary problems in the world. However if investors sleepwalk into next Tuesday and the Fed does raise the discount rate, I would expect a swift downturn in the market due to their reaction to an unexpected cause." Bank of England today, maybe Bank of Canada soon, in its case to defend the loonie; canoe2.canoe.ca Naawhh...... it can't happen here ........ -g- ......... cheers .......... marcos