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Pastimes : A Rate Cut...Would It Help? -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (7)	9/25/1998 3:39:00 PM
From: GROUND ZERO™	Respond to of 14

Thanks for you insight. GZ

To: Les H who wrote (7)	9/25/1998 4:27:00 PM
From: yard_man	Read Replies (1) \| Respond to of 14

>> Most of the financial stocks, including banks and brokerages, and the interest-rate sensitive stocks, including mortgage finance, homebuilders, and consumer lending, are still in downtrends. It appears that it will take several rate cuts and a working out of the system of bad loans and investments. << Les, Is it your opinion that lower stock prices necessarily mean that the banks are in need of some kind of help? If so, why and how does the FED decide the appropriate level?