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To: Mikhail Rasolis who wrote (14971)11/5/1998 2:38:00 PM
From: Smart Investor  Read Replies (3) | Respond to of 27307
 
With the insane speculation coming back to the stock market again (e.g. YHOO), the chance that the Fed. might cuts interest rat on 17 Dec. is becoming smaller. I do not think Greenspan will try to cut the rate again to encourage this kind of speculation. He said many times that he does not want to see a stock market bubble to develop, which YHOO is definitely an example.