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

To: Thomas C (Hijacked) who wrote (33239)11/7/1998 8:50:00 AM
From: Gersh Avery  Read Replies (1) | Respond to of 94695
 
Thomas Re: "a cut in rates GIVEN a rapidly declining market, "

But if word leaked out of a cut a day or two before it took place ..

Gersh



To: Thomas C (Hijacked) who wrote (33239)11/7/1998 8:10:00 PM
From: Investor2  Read Replies (1) | Respond to of 94695
 
Re: "I do not think then that he would again want to rush for a cut in rates GIVEN a rapidly declining market, otherwise it may look like he is trying to manipulate the markets."

I'm certainly no expert on the matter, but isn't that what his job is? Wasn't the Fed created to maintain economic stability?

Perhaps Defrocked or some of the others can help us out here.

Best wishes,

I2


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