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


To: James Strauss who wrote (20350)9/11/1998 5:53:00 PM
From: J. P.  Read Replies (1) | Respond to of 50167
 
<<a 1/2 point cut the end of Sept... this provides a "Buy on the Rumor" oppty for about a week or more... >>

I'd say there would be a great surge of buying upon the confirmed news also. Who would sell the news of a rate cut?



To: James Strauss who wrote (20350)9/11/1998 9:08:00 PM
From: Jerry Olson  Read Replies (1) | Respond to of 50167
 
Jim

listen...if Alan G. cuts rates by .50 basis points..hold on to your hat pal...and for that matter anything else that's not nailed down...

i've lived thru rate cuts & hikes...

a .50 basis rate cut would send this market up to the freakin' moon with out one stop inbetween.. on and after Sept 29th...believe it...

the rally would be to all time new highs, 10,000 would be an easy target...

i don't see it happening...not this month anyway...