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

To: IQBAL LATIF who wrote (26345)	5/19/1999 4:17:00 AM
From: George Mc Geary	Respond to of 50167

IQ, you state << find some good interest in semis >> check out LSI breaking out to a new 52 week high. LSI gapped up with good volume and closed in the upper range yesterday. Tomorrow should either be up or sideways. I am looking for an additional 10% movement from here. Yes I do own the stock.

To: IQBAL LATIF who wrote (26345)	5/19/1999 9:56:00 AM
From: Andrew C.R. Biddle	Read Replies (1) \| Respond to of 50167

Ike- > Bottom line: Given the shift to a tightening bias, there is a possibility > that Greenspan has the authorization of the committee to raise rates > before the next meeting scheduled to begin on June 29th. Whether he will > opt to do this is, obviously, the big unknown. However, if the eurodollar > market -- a highly liquid and presumably efficient market -- is a > reflection of investors' sentiment, the nearly +25 basis point yield > spread between the June and September futures contracts might imply that > the bond market anticipates an equivalent move in the fed funds rate > before September. This is from a Schwab update received this morning. You follow the eurodollar market, what is your feeling about this possibility. Andrew

To: IQBAL LATIF who wrote (26345)	5/19/1999 10:14:00 AM
From: James Strauss	Read Replies (1) \| Respond to of 50167

Ike: Today the markets seem to be having a relief rally as a result of no move by the FED yesterday... But, I agree with you that the change in Bias to raise rates does put a cloud behind the horizon of today's sunshine... I'm going to play this one day at a time... Currently the A/D numbers are positive and the New Lows are below 40 for the second day in a row... At about 3.00pm I'll be making some long side decisions if this positive market breadth continues... But, whatever I may do today or in the short term doesn't minimize the eventual negative impact of the FED's change in interest rate bias... It hangs like the Sword of Damacles over the market... Jim