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To: HerbVic who wrote (18551)9/26/1998 8:29:00 PM
From: Phillip C. Lee  Read Replies (1) | Respond to of 213177
 
Well, some banking and security firms exposured to hedging funds
have been cut in half in their stock prices since July. How far they
can endure their market values losses is uncertain. However, Fed
will do its best to stabilize the situation. Soros has suggested
lowering interests prior to Greenspan's congress hearing. However,
Mr. Greenspan reacted slower than what Soros suggested because Soros
know more about what's goning on with hedging funds than Greenspan.
It's not late to act next Tuesday to more or less stimulate the
banking as well as security firms business. More regularations may
be required to slow down the growth on hedging funds on investment
amount in a given time frame. I think the hedging funds situation
will impact on the banking and security firms more than on high tech
stocks.

Phil



To: HerbVic who wrote (18551)10/1/1998 12:46:00 PM
From: Alomex  Respond to of 213177
 

Expect 25 basis points at a time. No sense promoting irrational exuberance.

That is exactly what I thought. Particularly after the Dow rallied past 8,000 in expectation of a 50 points cut.

If there was *any* chance before of a 50 points cut, that rally killed it.


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