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To: Bob Howarth who wrote (942)9/29/1998 2:29:00 PM
From: Paul Fine  Read Replies (1) | Respond to of 14638
 
The Fed just announced the rate cut of only 1/4 pt, with no cut in the discount rate. Market was looking for a 1/2 pt rate cut and some cut in the discount rate. The bond and stock markets are selling off right now.

The end to a perfect day.

Paul



To: Bob Howarth who wrote (942)9/30/1998 7:16:00 AM
From: robert mc donnell  Read Replies (1) | Respond to of 14638
 
maybe the fed knows more than us. if the economy really starts to sink, a slash in rates will have a greater impact on the economy then.
bob mc donnell