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To: Jim McMannis who wrote (54640)	4/27/1998 8:06:00 PM
From: Diamond Jim	Read Replies (2) \| Respond to of 186894

I think that history shows that there is usually more than one hike BUT you are correct...I think the last time there was only one. ++ I think a hike would be in the best interest of a prolonged bull market. jim

To: Jim McMannis who wrote (54640)	4/27/1998 11:25:00 PM
From: Sonny McWilliams	Respond to of 186894

Jim. Yes, history has proven that there generally is another rate hike following a rate hike. But again, it generally involves something called inflation. (Sometimes a high dollar will creep into this thinking) The jury is still out on that. Yes, there are tiny little signs and that's why I said: Should the Fed feel once again, for no real obvious reason, to tighten the notch a bit, the earth should be able to survive that and of course the market. I personally think it is not necessary at this time. Don't you think I should get A.Greenspan's salary? gg. I heard some opinions in the mean time that there is some sabre rattling in order to drive the market down a bit and therefore spare the FED from making a decision. Hm, the market can worry now for about 3 weeks if the FED will raise or not raise the rates. Well, at least we know that the market will go up or down. gg. Sonny