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To: jim kelley who wrote (72368)	10/15/1998 6:15:00 PM
From: Moneysmith	Read Replies (3) \| Respond to of 176387

If interest rates have to move closer does that mean we move to Japan at .5% or towards Russia etc with 30%+? I think the Fed is still trying to help the banks and hedge funds. Greenspan has built his considerable reputation by being methodical; cautious; and poker faced. Suddenly the Fed looks like it wants to join ranks with all the lemmings running around out there. I hope I am wrong. The dollar is currently down 135 points against the Yen at 8700. A shaky dollar could do a lot more harm to the markets than high interest rates (which really were not that high). I would now like to hear Greenspan say that he is going to hold the line for a while.