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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: bill meehan who wrote (22198)	2/26/1999 4:38:00 PM
From: MythMan	Read Replies (3) \| Respond to of 86076

You realize of course that surging GDP will now be the excuse to bid up stocks. Strong economy has to bring stronger earnings yada yada yada. Interest rates will no longer matter.

To: bill meehan who wrote (22198)	2/26/1999 4:39:00 PM
From: Defrocked	Read Replies (1) \| Respond to of 86076

Cute.<g> Have a cigar...in the machine...somewhat recall that tune.<g> Back to the Fed, I don't expect a Fed change at Mar.30 FOMC meeting unless Mar. numbers come in greatly higher. I do think we may get a warning after the May 8 meeting and possibly a rate hike soon after. That's a lot of time for rates to potentially run higher. Fed may or may not wait till after the May refundings to "follow the market". AG risks losing a lot of credibility if he's not careful. Stock market may now be susceptible to the realization the easiest money growth is over. And speaking of sobering up, everybody have a good weekend and forget about being sober until Monday. :^)