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

To: Roebear who wrote (20694)	9/26/1998 6:57:00 PM
From: Sergio H	Read Replies (2) \| Respond to of 50167

Roebear, sorry for the confusion. I posted to Jim Strauss in an effort to renew a long debate that we've been having. I enjoy jousting with Jim and we often learn something from one another. I'm of the opinion that our country does not need to lower interest rates for several reasons, but basically because we do not need to make it easier for our public or corporations to borrow money. I'm also of the opinion that perception has more of an impact on short term events than actual fact. The lowering of our interest rates next week is now factored into our market as well as the world's markets, and predominantly as a symbol to restore confidence. I would have preferred to see the spin doctors sell the idea of strength by keeping the same course rather than diverging for the purpose of altering perception. What really brought me to taunt Jim once again is his comment that he will probably be out of the market after Tues. I don't think so Jim. We're going to continue to see market volatility for some time. The Fed is not going to lower rates by 1/2 point (maybe 1/4) and that will alone will create volatility and Jim knows that volatility is opportunity. Sergio