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To: yard_man who wrote (9920)	4/13/1998 2:24:00 PM
From: Candle stick	Read Replies (1) \| Respond to of 27307

The 'Johnson Smick' report is being discussed on CNBC and basically it is warning that the Fed is moving to tighten interest rates and that they already agreed to a tightening bias at the last meeting..... Johnson is an ex fed govener, and the report is widely known in the street as providing incredibly prescient information that is usually not well known or heard of before they print it. it is an institutional newsletter, not available to the general public and costs $100,000/year for a subscription (at least it did 2 years ago) sort of scary hearing about fed raising interest rates right after they just removed the circuit breaker levels, and set new levels for a one hour market stop after 10 % drop and another at 20%....that means the DOW could drop 2,000 points in one day now. Scary , huh?