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I believe that since they do have august, they would rather err on the
side of caution in july, take a breather and see how things look next
month.
But the tale of the tape will tell...
Monte
Marlowe Cassetti wrote:
>
> Greenspan has his own agenda. The markets are discounting what think might
> happen, but do they know what is truly in his soul? His favorite pastime is
> solving differential equations. Figuring him out is a challenge.
>
> ----- Original Message -----
> From: Shawn Andrew <Shawn@xxxxxxxxxxxxxxxx>
> To: Marlowe Cassetti <marlowec@xxxxxxx>; <omega-list@xxxxxxxxxx>
> Sent: Monday, June 19, 2000 6:16 PM
> Subject: Re: Prediction
>
> >
> >
> > Marlowe Cassetti wrote:
> >
> > > I believe that the Fed has no choice but to hike. This month and August
> > > will be its last
> > > chance before the election and the economy has showed no sign of
> slowing.
> > > It cannot afford not to hike. Greenspan has tolerated high valuations
> in
> > > the equity markets and now he thinks that he is doing us a favor to
> trade
> > > off unrealistic valuations for his relentless inflation fight. Fifty
> basis
> > > points could be the right number for its last rate hike of the year.
> Just
> > > my guess.
> > >
> > > Marlowe
> >
> > Instead of predicting based on opinion, why not look at the $IRX,
> $TNX,$TYX.
> > They tell the tale. Do you see those yields dropping like rain from the
> sky.
> > Forget all these CPI, PPI, New Housing, EMPLOYMENT figures which try to
> show
> > how scientific the Feds oracle of Delphi is. The Bond yields shows what
> the
> > consensus out there thinks.
> >
> > Regards
> > Shawn
> >
> >
> > --
> > ------------------------------------------------------------------
> > Ricercar Fund /SA "Quarendo Invenietis"
> > http://www.RicercarFund.com
> > ------------------------------------------------------------------
> > "It is not how right or wrong you are that matters, but how much money you
> make
> > when right and how much you do not lose when wrong." ... George Soros
> > ------------------------------------------------------------------
> >
> >
> >
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