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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Olson who wrote (8028)	11/6/1998 8:27:00 PM
From: Brian Hornby	Read Replies (1) \| Respond to of 44573

Hi Jerry - I wonder if there really would be a negative reaction to AG leaving the rates unchanged. He already hinted he may not have to, and the market took off on the news. Rational thrown around is that he doesn't have to cut rates because a recession has been averted, and so without a recession there is nothing to hold the market back.. I don't know, but I feel there is more upside with perhaps some short covering and mutual fund cash coming in. I suspect a lot of people re-allocated mutual fund money to bonds during the dip, and are re-allocating back.. Brian