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To: Jim Patterson who wrote (79688)11/13/1998 10:29:00 AM
From: K. M. Strickler  Respond to of 176387
 
JP,

>>If the Fed cuts rates next week, I think that will be further sign of the Fed in a state of Panic. The market reaction may not be as dramatic this time.<<

Not necessarily so, m'boy! The FED could still cut since the market has not really 'stabilized' at this level. Another 25 basis points would bring more sideline money into the market!

JMHO,

Regards,

Ken