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To: Defrocked who wrote (40994)	5/14/1999 10:55:00 AM
From: Cynic 2005	Read Replies (2) \| Respond to of 86076

<<A quarter point move now will do more good than harm to this economy IMHO. >> Def, perhaps Greeny is thinking a 1/4 point boost in rates may be just what the doctor ordered to trip the stock market. After all, it is how it ended here in 29, in Japan in 1990. Stock market crashe means there is no economic expansion. Period. He may have the right reason to rise but may end-up being blamed for any debacle that may follow. I think he will chose not to do anything. I doubt if there is enough political will. Then again, WTFDIK? Yield is north of 5.9!! is 6% what we need for THE moment in stock market?

To: Defrocked who wrote (40994)	5/14/1999 10:57:00 AM
From: Henry Volquardsen	Read Replies (1) \| Respond to of 86076

Tuesday will indeed be interesting. FWIW a lot of the market is staring to factor in a tightening so it won't be as much of a surprise. I do agree that a preemptive hike now would actually be good for the market. It has just been my feeling that Greenspan tends not to go in for preemptive moves. He lets things play out a while but then acts very decisively and you get a more deliberate program. Since there is not enough evidence yet for multiple hikes he may be cautious. Just a hunch of course and we will find out next week. Should be fun.