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Strategies & Market Trends : Sharck Soup
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To: Sharck who started this subject6/15/2001 2:41:15 PM
From: besttrader   of 37746
 
Mer Lynch ruined a perfectly good crash. <sulk> -->

2:30PM ET Earlier in today's session Merrill Lynch was out talking about a 50 basis point rate cut at the Fed's next meeting. If true, this would represent a deeper cut than the current expectation for a 25 basis point move. The firm's comments have triggered buy interest in both financials and hotels today.
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