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To: Wally Mastroly who wrote (5392)5/26/1999 3:42:00 PM
From: Ian@SI  Read Replies (1) | Respond to of 15132
 
Wally,

I wouldn't be surprised if the "bias" announcement is only a presumed harmless concession by Greenspan to the hawks on the Board of Governors.

Given the market's reaction, I wouldn't be shocked to see the bias return to neutral in June. Surprised -YES; shocked -NO.

Ian.