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Re: mlsoft post# 19707

Tuesday, 08/27/2002 11:29:31 AM

Tuesday, August 27, 2002 11:29:31 AM

Post# of 704019
Misoft, as you have mentioned a former life as a broker, did the oldtimers ever speak of antecedents to the PPT?

While I am inclined to agree with those looking for a down September, I have to imagine that Wall Street will do anything and everything to produce/maintain higher year over year prices at points after the eleventh. This would be a great marketing device; a validation of buy and hold, a comfort to investors who want to believe that a nebulous quantity called 'it' always comes back. Would work out nicely for officeholders running for reelection and fund managers who want to dump losers in October, too.

Is there a rate cut in our near future?

A.

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