i bet we see $50 by the end of the day
Actually, what you said about the Fed is not
crazy at all. I agree with you entirely. Not raising
the rates after the last meeting was worse for the
stock market than raising them. Why? Because the market
hates uncertainty more than it hates interest rate
increases. I am desperately hoping that they raise rates in
November. It may cause a one day selloff, but after that I
think there would be a great rally from the rest of
November through January (even with Y2K concerns). And the
stocks I think most likely to benefit from such a rally
are those like ITXC that have a lot going for them
fundamentally (good company and good industry) but have not had
extraordinary runups like many other recent IPO's.