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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Robert Graham who wrote (18146)4/25/1998 2:03:00 PM
From: Logain Ablar  Respond to of 50167
 
Hi Robert, Ike, Brian, Judy & Thread:

On the market reaching an intermediate top I have a fundamental point to keep in mind. Interest rates.

I'm not sure where this will go or what the impact is but of the 120+ million (its between 120 and 130) individual tax returns filed with the IRS, over 40 million (yes, just more than 1/3) are filed on April 14 & 15.

I'm not sure when the government releases the April revenue #'s but for the past 3 years the surplus has been higher than gov't forecasts. I expect the same with a corresponding drop in rates (even if its only for a few days). I'd expect this to be favorable to the market even if its only short term.

Tim



To: Robert Graham who wrote (18146)4/27/1998 3:21:00 AM
From: IQBAL LATIF  Respond to of 50167
 
Bob-off topic
Very interesting post-- I have been little wondering about over the weekend was in MontyCarlo for the tennis open. I will come back to you- on some of very pertinent points you have raised. Ike


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