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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Investor2 who wrote (1168)	9/23/1998 9:04:00 PM
From: Justa Werkenstiff	Read Replies (4) \| Respond to of 15132

I2: Re: "Another caveat: When Greenspan disappoints by not lowering interest rates at the September meeting, the market will take a big one-day decline and the bearishness will go back up for a time." I did not get that message at all today. Short of wearing a tie that said "rate cut on Tuesday," he gave every indication of his intention to cut rates. He knows he is playing with fire here should be no rate cut be offered on Tuesday at this point. The credibility of the FED would be next to that of the President should there be no follow through with a rate cut. We would then get a test of 7400 for sure. We are looking at a preemptive cut just as we were looking at a preemptive raising of rates in 1994. Another article: biz.yahoo.com