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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: limtex who wrote (25455)12/15/2000 10:50:27 PM
From: Jim Willie CB  Read Replies (1) of 65232
 
methinks Greeny's intention is NOT to break the Naz for 3-5 yrs

I think he is truly concerned about the condition of the economy and the condition of the financial markets and the condition of the bank portfolios

FedFunds Futures contracts indicate a 40% chance of a 25 bpt rate cut next week

if Naz vaults prior to Tuesday, Fed stays pat
if Naz treads after these last few ugly days, Fed might cut

/ Jim
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