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To: gdichaz who wrote (15111)	9/17/1998 12:46:00 PM
From: dougjn	Respond to of 152472

I wouldn't be the least surprised if Greenspan lowers rates on the 29th. I think there's about a 50/50 chance. If he doesn't, I think he'll but promise to do it next time, if tends continue. We could have a nice relief rally if yes. And some downdraft if no, depending on how far down we are on the date. But after some strong relief rallies overseas, I don't think it will have much lasting good effect. I'm not sure about this, but its the best that I can figure. I rather doubt that Greenspan would have been so scarry yesterday in a bid for the IMF funding (which he certainly would have supported, but more moderately, in any event), if he thought lowering the discount rate here would work wonders in Brazil, Japan, etc. If someone has a good argument otherwise, I am quite sincerely eager, not panting, to hear it. Re: making money trading. A bit. It sure is easier in a consistent bull market. When I believe in letting long bets ride. Doug