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


To: Greg Jung who wrote (28676)9/23/1998 6:12:00 PM
From: Copeland  Read Replies (1) | Respond to of 94695
 
Copeland, why should that bother you (that rates not lowered 9/29)?

Based upon the market's activity of late, it appears that an interest rate cut is what this market is betting on. If it doesn't go through, I'm expecting a crash back to 7400. Let's be honest -- without a cut, there isn't really much of reason to stay in the equities market, is there?