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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Lazarus who wrote (65538)1/3/2001 6:30:55 PM
From: Benedito   of 122088
 
"anybody else here that pin drop???"

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Message 15117992

When was the last time the Fed did an emergency surprise HIKE? A surprise cut can catch the shorts and cause financial ruin in the futures snake pit. However, this time there was plenty of warning. I know a futures trader who refused to be short in the afternoon once the rumors started circulating about an emergency rate cut. She said she would rather forgo a profit than be reamed by Greenspan.

The last time they did this there were many that were taken out of the market. 250 dollars a point per contract can add up fast.....but I am sure ALL of Anthony's people did just fine :-)
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