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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: stan_hughes who wrote (343882)9/18/2007 9:20:11 PM
From: Giordano Bruno   of 436258
 
Imagine the BOJ boosting rates tonight. Not likely.
'According to CNN Money, since 1945 the S&P 500 rallied 7 out of 11 times in the six months after a rate cut. On average, the rally was in excess of 12 percent.'

'By not committing to any future policy moves, the statement also left the door open for further interest rate cuts leading Fed Fund futures to now price in another 50bp of easing before the end of the year.'

dailyfx.com
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