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To: craig crawford who wrote (14783)	10/15/1998 4:16:00 PM
From: Oeconomicus	Read Replies (1) \| Respond to of 27307

The Fed had no business cutting interest rates today. They did if they see enough risk or evidence of a recession to justify not waiting for a regular meeting in just a few weeks. To do this on a day when the PPI came out well above expectations is another hint at the sense of urgency at the Fed. The hawks are toast. Tomorrow, we get the CPI and, perhaps more importantly, industrial production and capacity utilization. Gee, do you think recessions are good for stocks? Better go buy some internuts.;-)

To: craig crawford who wrote (14783)	10/15/1998 4:23:00 PM
From: Jerry Miller	Read Replies (2) \| Respond to of 27307

"The Fed had no business cutting interest rates today." ...we'll write 'em a letter.

To: craig crawford who wrote (14783)	10/15/1998 4:48:00 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 27307

The Fed had no business cutting interest rates today. Some tech sectors are in a recession currently.