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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: gerard mangiardi who wrote (48812)	6/4/1999 12:54:00 PM
From: LakesideTrader	Read Replies (1) \| Respond to of 90042

Glad you think so! I remember last August AND October.

To: gerard mangiardi who wrote (48812)	6/4/1999 12:57:00 PM
From: JakeStraw	Respond to of 90042

>>the correction is behind us. Remember there's always one right around the corner lurking...

To: gerard mangiardi who wrote (48812)	6/4/1999 1:17:00 PM
From: Waldeen	Respond to of 90042

>> the correction is behind us. Not to be negative or knock you view, you may be right, but there is important data coming out, and if we rally now will it sustain an interest rate hike? cbs.marketwatch.com excerpts include, The report is really a very, very mixed bag and doesn't lower the probabilities of the Fed moving at the end of the month very much," Leahey said. "It really comes down to the core consumer price index number on June 16." The Fed's policy panel convenes June 29-30, as it does every six to eight weeks, to discuss credit policy. Interest rate futures contracts indicate an 80 percent probability of the Fed hiking the federal funds rate by 25 basis points at the meeting. The market also expects a second 25-basis point boost by year-end, according to Tony Crescenzi, chief bond market strategist at Miller, Tabak, Hirsch.