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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Pancho Villa who wrote (5364)3/22/1998 11:36:00 PM
From: CalculatedRisk  Read Replies (2) | Respond to of 18691
 
Pancho, here is the FED home page: bog.frb.fed.us

Can OPEC (and non-OPEC) oil producers stick together? And they just raised the official quotas by 10% earlier this year ... and now they reduce quotas by 2%? IMO, this is NOT enough ... especially with weakness in Asia (many Asian countries import all of their oil).

The futures look firm (off a little) ... I think the market will finish up tomorrow! (IOW, I don't have a clue!)
Regards, Bill



To: Pancho Villa who wrote (5364)3/23/1998 12:07:00 AM
From: Peter Goss  Respond to of 18691
 
<<Any one knows when the next federal reserve meeting takes place?>>

On March 31st. Earlier on the thread I posted the same thought you are considering. If Alan Greenspan is nervous about the monetary bubble he has allowed, then it might be time for a gentle nudge upward on the fed funds rate. The oil news adds to the possibility. The stock market would come down huge, but AG could easily justify it.

Peter


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