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


To: James Strauss who wrote (26348)5/19/1999 11:12:00 AM
From: Jeff Jordan  Read Replies (1) | Respond to of 50167
 
James,

My concern is, when will the FOMC actually tighten? Remember last fall when the street expected the FED to loosen and when they only lowered 1/4 the market corrected in disappointment.... then we were surprised 2 weeks later w/ another 1/4....which we had a major rally.

So, now we see the market continue it's exuberance....will this force the FOMC to surprise us again if the market doesn't adjust to it's new policy of openess? $TYX doesn't seem to be reacting to the FED's guidance?

The "Force" is strong....

Jeff