Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (20693)	9/25/1998 10:54:00 PM
From: Roebear	Read Replies (1) \| Respond to of 50167

Amigo, I don't mean to be picky, but I found the following negative clauses to be confusing. Would you clarify your stance on: "First of all, let me remind you that I didn't and still believe that an interest rate decline is not a good long term idea for the American economy." Short term help long term hurt??

To: Sergio H who wrote (20693)	9/27/1998 2:32:00 PM
From: James Strauss	Read Replies (1) \| Respond to of 50167

Sergio: I don't think a possible rate cut has anything to do with saving Clinton... It has more to do with propping up deteriorating world markets... If we do it first, other countries will follow... This should help stimulate economies around the world... As the earnings start rolling in for the 3rd and 4th Qtrs it will become evident that earnings growth has slowed... After some initial rate cut euphoria the market will realize that stock prices are too high for the falling earnings growth base... Many of the Internet high fliers (AMZN etc.), will begin to tumble after failing to get back to their old highs... The 7400 Dow plateau will probably be broken to the downside... This time, investors will be quicker on the "Sell" trigger... We might see the Dow plunge right through the 7400 area very quickly... If this happens, 7100 and the 6000's could come fast... But, for the short term, we should get our BEAR rally... And, I think we'll see 1/2 point, not 1/4 point... The world needs it so the high rollers around the world can get into cash on this rally... Jim