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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	9/7/2001 12:36:38 PM
From: besttrader	of 37746

I had a feeling bulls would resort to this!!! --> 10:29 ET Fed Rate Cut : Hearing some talk in the market of a possible intermeeting rate cut; this ranks as one of the worst predictions we have heard in quite some time. The Fed gave up the practice of reacting to employment reports in the early 1990s and is not about to go back to it now; it would take some dramatic bad news to prompt an intermeeting move this far into the easing cycle, and we didn't get that today (see Story Stocks for more on the Employment Report). We think the probably of an intermeeting cut is - at best - 1 in 100.

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