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To: Patrick Slevin who wrote (7638)11/2/1998 11:40:00 AM
From: Jerry Olson  Respond to of 44573
 
Pat

you guys are both good & lucky..

me? i'm just lucky<gggg>....

I read in the Inquirer that the FED has been very accomodative because of ONE major factor...

the spread between the Discount Rate & the 3 month T-Bill has traditionally been .25...basis points...

right now it's still 100 basis points!!!!!!!!!!after the recent rate cut!!!!

hey, they will have to lower rates, but may NOT this time....all in all the senario is incredibly BULLISH!!!!!!