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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: stockycd who wrote (23812)	9/4/1998 10:21:00 PM
From: Fortinwit	Read Replies (1) \| Respond to of 70976

CD: I think we will go much lower. I just wish Sir Alan would have given his speech this morning around 10 am EDT. My short positions would have thanked him. I'll disagree a bit with you (and I have some large short positions). My take on this is that the Fed will no longer have a 'tightening bias' on rates and are moving towards either a neutral or looser bias. Perhaps I read it wrong. That's how it struck me when it came over the wires, and that's how it feels now. Given the current state of things, it would be a perfect excuse to ignite a large rally on Monday... unless something else goes wrong in the next 3 days. F.