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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: MythMan who wrote (52717)7/22/1999 12:57:00 PM
From: Lucretius  Read Replies (2) of 86076
 
"Over the last six years, Miller Tabak Hirsch chief bond market strategist Tony Crescenzi pointed out in a research note this morning, the Humphrey-Hawkins address has moved the price of the long bond futures contract traded on the Chicago Board of Trade a full point, on average. And in the four sessions after the address, Crescenzi says, the market has typically moved twice as far as it did on the day of the address, in the same direction. "
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