All Clowns Must Be Destroyed Message Board

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Pastimes : All Clowns Must Be Destroyed

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To: MythMan who wrote (23003)	4/4/2000 6:51:00 PM
From: Defrocked	Read Replies (3) of 42523

I've heard talk recently of a possible intraday-FOMC meeting rate hike if Friday's unemployment number and hourly earnings numbers are too strong. While AG's Fed usually doesn't operate that way, the hawks pushing the 50bp rise at Feb's meeting could get a 25bp concessionary push if nonfarm is >400k and hourly earnings >= .4%. (Intra-meeting hikes were common under Volker.) Such a move could be interpreted as positive for stocks in this market however.<g> OTOH it could be just the shock AG needs to cool stock and real estate speculation.<ng> I'm not saying it will happen, but rather that it's not out of the realm of possibility and warrants consideration of buying puts for Friday's numbers.

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