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To: Venkie who wrote (27241)	1/9/1998 1:15:00 PM
From: Boplicity	Read Replies (2) \| Respond to of 176387

When the FED start to lower rates we will be near the bottom, unless the econ. is in deap doo doo. <<"For me, Asia changes everything," said David M. Jones, chief economist at Aubrey G. Lanston Co. Inc. "If it were not for this Asian financial turmoil, I would have expected the Federal Reserve to perhaps start raising short-term interest rates as soon as its Feb. 3-4 meeting. "We could easily see no change in Fed interest rate policy for the first half of this year," the noted Fed watcher said. "But the Asian crisis will depress growth in the second half of 1998 and will probably force the Fed to lower rates in one or two moves in the second half. That would bring the overnight federal funds rate down to 5 percent by the end of the year.">> Greg--->Waiting to next year for the a new supper cycle bull market to begin.