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

To: Tom M who wrote (25474)	8/28/1998 2:47:00 PM
From: Monty Lenard	Respond to of 94695

Tom, I don't have a whole lot of sympathy for those that kept buying into this thing when they knew it sounded too good to be true. You know the saying about that. I honestly hope the fed's stay out of this fray as they will only make it worse and reward those that were greedy. Monty

To: Tom M who wrote (25474)	8/28/1998 6:15:00 PM
From: N	Read Replies (1) \| Respond to of 94695

Monty and Tom re: do you think the fed is sitting this one out June 30 Fed Reserve minutes '...At the conclusion of the Committee's discussion, all but one of the members accepted a directive that called for maintaining conditions in reserve markets that were consistent with an unchanged federal funds rate of about 5-1/2 percent and that contained a bias toward the possible firming of reserve conditions and a higher federal funds rate. ...' ny.frb.org Has anyone on this thread been in the federal funds markets enoough to interpret the Board of Trade's daily tracking of the fed in the market