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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Judy who wrote (26316)	5/17/1999 5:34:00 PM
From: Logain Ablar	Respond to of 50167

Judy: Tim, perhaps the market has factored in a 1/4 point rate hike bias ... after all the Fed raised rates an extra 1/4 point when the ecomony did not really need it. A pre-emptive strike for good measure. I'm not sure Judy. All the noise early last week (from the analysts and economists) was the fed didn't need to raise due to good numbers (not sure if they were being hopeful or not). That changed with Friday's #'s but I still see the Fed waiting until there is more confirmation on inflation. The long bond is doing the job for them (at the momment anyway). The big fear of inflation is what people remember of the 70's. What caused it. We'll government spending (the tail end of Vietnam at the beginning of the decade and Carters spending programs at the end), the jump in oil in 72 and 78 and the explosion of liability suits (medical especially). Its different this time <gg>, just kidding. We have high government spending but will the oil prices stick (and so far they are but we'll need a couple more months on this trend). I remember (but I'm not as old as OJ) waiting in line for gas and the price of a gallon tripled back in 72. Now (in CT anyway) taxes make up 1/3 of the cost of a gallon. It will be interesting tomorrow anyway. If they don't raise we'll have some relief but then everyone will worry about raising later in the summer. We'll I've been wrong before. Speaking of which. IMNX - we can put this in the category of QCOM (wham) and RMBS (wham wham). Do I listen to Judy (arguably the most astute investor who I have the most respect for and obviously many others have the same opinion) or do I continue to be foolish and invest in some of my highly risky investments. With my free cash (I'm fully invested at the momment) I purchased CHKP in software (foolish with the concentration here) and ASYT in semi's. Tim

To: Judy who wrote (26316)	5/17/1999 5:39:00 PM
From: Logain Ablar	Read Replies (1) \| Respond to of 50167

Judy: Also on WIND. While I've held on to my position and was ready to rotate into some LSI I've decided to wait. IF the new President and CEO is well respected from a company like INTL the stock would jump nicely. WE could move back to low $20's. Tim