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

To: Copeland who wrote (28675)	9/23/1998 4:55:00 PM
From: Greg Jung	Read Replies (1) \| Respond to of 94695

Copeland, why should that bother you (that rates not lowered 9/29)? It doesn't really matter if its true or not, the market latches onto soft news for its rally, whatever the source. We've considered enough Japan, Russia, Latin America, Clinton, valuations, earnings, etc. and too boring to revisit the issues, even if they may have impact: no further items on the list to make for a negative day. We are in positive feedback, perpetual motion mode. Interest rates and earnings numbers are irrelevant. Greg

To: Copeland who wrote (28675)	9/23/1998 5:13:00 PM
From: Joss	Read Replies (1) \| Respond to of 94695

Hi Copeland, I had a slightly different impression of the "coordinated interest rate cut" that did not happen. I thought that AG wanted to do it but the Germans (who are fanatic on the subject of inflation) said flatly that they would not go along. Following that, I thought that there was an assumption that AG would not lower because of potential effects on the dollar. Perhaps I am incorrect about this. Steve