Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: James F. Hopkins who wrote (20964)	6/25/1998 1:17:00 PM
From: yard_man	Read Replies (1) \| Respond to of 94695

It can't be done yet, Jim.

To: James F. Hopkins who wrote (20964)	6/25/1998 1:31:00 PM
From: P.T.Burnem	Read Replies (1) \| Respond to of 94695

To all: Fed Fears Stock Market May Crater if Rates Rise. -------------------------------------------------------------------- CHATHAM, Mass., June 25 (Reuters) -- Fear of a sharp decline in U.S. stock prices plus lingering Asian weakness are keeping the Federal Reserve from raising interest rates, said Paul Samuelson, a Nobel-Prize winner in economics. ''There are two inhibitions at the Fed: Asia and Wall Street's quasi-bubble. They are afraid they are going to send the stock market down 30 percent if they tighten,'' Samuelson told Reuters in an interview. The Dow Jones industrials soared anew on Thursday, vaulting the 9000 level for the first time in two weeks. Samuelson, professor emeritus at Massachusetts Institute of Technology (MIT) and an adviser to Boston Fed President Cathy Minehan, spoke to Reuters at the Federal Reserve Bank of Boston's conference on business cycles. He had delivered the opening comments on Wednesday. --------------------------------------------------------------------- Note that the Fed's concerns are similar to those of BOJ's in the late '80's: a bubbling stock market and a weak US economy. The funny thing is that the Fed realizes what's coming, yet is unable to summon enough political courage to tighten. PTB

To: James F. Hopkins who wrote (20964)	6/25/1998 5:43:00 PM
From: William H Huebl	Respond to of 94695

I agree... not over yet. But more consolidation before the move to 10,000. Bill