SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?


To: Peter V who wrote (5421)11/17/1998 8:40:00 AM
From: Thean  Read Replies (1) | Respond to of 14427
 
Pete,
I think the chance of a pullback after today is greater than 50%. Here are possibly why:

1. AG does not cut rate today. The market tanks. Correction needed as a rate cut is more than built into the market.

2. AG cuts rate today. Since this is a toss up, a cut today will convince people they cannot look forward to any more rate cut until at least 2 months from now (January). That is a long way to wait for the market to keep up its uptrend momentum. A 10% haircut will likely follow in the next 2-3 weeks.

There are a number of well-known people in Malaysia and Singapore bearing my family name. You know Michelle Yeoh (the Bond flick kungfu girl) right? A popular local softdrink/food company/brand is Yeo's.