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

To: Sergio H who wrote (20701)	9/26/1998 10:31:00 PM
From: Roebear	Respond to of 50167

Amigo Sergio, No need to apoligize, I found your answer well worth any momentary confusion. I especially liked the following: "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." Now will someone please tell these idiots that keep sending me checks for loans at outrageous interest rates that we don't need to promote easy loans amongst our indebted citizenry! For pete's sake, the other week I got one for 28K, at 24% interest! Now anyone that would cash a check like that, should they be loaning that person 28k, especially at 24%!? Anyway, like you said, after Tuesday it gets interesting! Roebear

To: Sergio H who wrote (20701)	9/27/1998 10:44:00 AM
From: J. P.	Respond to of 50167

<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 hope you are not trading on this. Nobody knows if the Fed will cut .5 or .25. My personal belief is that the Fed will cut .5 and they will cut because they have to bail out overleveraged hedge funds like Long Term Capital in particular. A point .25 might be factored in, but a .5 cut will create another buying frenzy. And remember most companies have prewarned already. Intel is making bullish noises, as is Dell. Soon we will be making new highs and I think leadership tech will rise quickly. MSFT, DELL, CSCO, AOL. I am leaving out LU only because they may soon be an acquirer of another company in a stock swap, because of pooling of interest restrictions being lifted on their stock Oct. 1.