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

To: Nancy who wrote (20374)	9/12/1998 10:49:00 PM
From: Roebear	Read Replies (1) \| Respond to of 50167

Nancy, Agreed, much as we all could use it, I would find it outside of AG's Modus Operandi if he were to announce a rate cut at the next meeting. He tends to do things rather deliberately, as you noted. Also he does not act hastily, instead waiting for a preponderance of evidence before he acts. Especially since the markets are still above the levels which he called "Irrational exuberance". The fact that the markets moved up so quickly on hopes of a rate reduction last week will make him all the more reticent to reduce rates on short notice. A case of the Bulls shooting themselves in the foot, I am afraid. On the other hand, what do I know?

To: Nancy who wrote (20374)	9/13/1998 11:01:00 AM
From: Jerry Olson	Read Replies (1) \| Respond to of 50167

Morning Miss Nancy Yes I remember when he did this in Mar 97, the market tanked 1000 point or so...<g>... i've said it here Nancy I did not think he'll lower rates this months FOMC on the 29th...but would wait to gather more evidence about the slowing of the economy... however, you never know about the G-7...could be a chance of concerted world wide rate cuts to stem the coming recession... the surprise would have a wonderful effect on the markets...explosive!!! would be the word i'm looking for...esp..if he cut by .50 basis points...wouldn't surprise me...one bit.... but yes your probably right..he'll wait...some European Countries might move on their own though... anyway the market should move higher here into the 29th...when he doesn't cut, we should selloff again IMO...that's how i'm playing the short term anyway......FWIW....>}