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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Gersh Avery who wrote (31766)	10/16/1998 7:27:00 AM
From: Vitas	Read Replies (1) \| Respond to of 94695

Hi Gersh, is there a source for back data on Fed actions such as fixed system repos with how many days duration and the dates they occurred, in a text or ascii file or whatever? Thanks, Vitas

To: Gersh Avery who wrote (31766)	10/16/1998 8:40:00 AM
From: bearshark	Read Replies (1) \| Respond to of 94695

Gersh: One has to do what one has to do--to make a buck. I turned into a gleeful bull on Tuesday and made my move in the market on Wednesday. I believe we did exactly the same at exactly the same time. I don't mind being a bull. I just have to get used to these stinking horns and hooves again. Maybe the FED has planned to lower rates by a set percentage and is implementing it in increments so as not to destroy the dollar. However, the dollar looks pretty crumpled this morning against the yen. Fluctuating currencies are very much like rate changes. The FED may have wanted to drop rates by 100 basis points. However, that may actually work out as 50 basis points in the rates and some acceptable drop in the dollar. We may have seen a deal with Japan to lower our rates to increase their imports here by stimulating our economy. However, there must be an agreement somewhere to limit the weakness in the U. S. dollar against the yen. Maybe we will have joint intervention now to strengthen the dollar. One thing to remember is China. Last winter, they said they would like to devalue their currency by the end of this year. We are running out of time on that one. I agree with your analysis of the markets. If we can hold on to more than two-thirds of yesterday's gains, I think we will be fine. We do not want to see a substantial reversal. I will be ready to begin accumulating calls on Monday after a pullback if everything remains consistent with my bullish thoughts.