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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Olson who wrote (16128)	6/5/1999 1:59:00 PM
From: James F. Hopkins	Read Replies (3) \| Respond to of 99985

OJ; RE >> as for the FED???? i can not believe they will raise rates here...imo, there is NO earthly reason to do it..the markets have already moved from 4 3/4% now too almost 6%, 125 basis points on jawboning alone... and it is my opinion..if they do raise rates...that the price is NOT built in to the emotions of the markets...maybe into the bond market, but not the stock market...<<< You have the last part right, but the rate increase has to come they have no choice T bills won't sell other wise and the markets will take the rates right back down if they fail to follow through..they already know taht too.. For all the Jawboning waht they won't admit is they should have never changed them last year to start with. The market would have done it. We need Government regulation, and some rules to go by, and they need to be understandable and need to be enforced, but we have an SEC that only makes a pretense of enforcing rules, and is also crippled by a huge lobby that's out to cut their budget every chance they get while a bunch of crooks who keep telling us they should be allowed to police themselves..( what a joke ). But Rules and regulations are one thing, "Intervention" is another horse..we have a FED Reserve that deals in Intervention..and it should not even have the Title Federal hung on it as tahts just a big lie, it's a consortium of privet bankers that no one really gets to vote for and the Congress is given a sort of Hopson's choice as to which investment banking fraternity brother they can veto.. This constant intervention by the so called Fed is the most obscene hypocracy of a market economy I can think of. But by and large we are trained to yada yada it and programmed to think there is no other way. Jim PS The rate hike is a fact, it just hasn't happened yet, just like when the Mafia says "he is a dead man" before the guy gets hit.