Brian Finnerty mentioned last night on Moneyline, if Greenspan cuts rates on Tuesday, the market will rally hard.
I agree short term, but will he cut?
A week or so ago, I thought no way he cuts due to employment costs.
But, now I'm not so sure.
Since then, MSFT, GM, JPM, on and on warned.
Oil is starting to go down from a global slow-down, last I looked below 28/barrel, reducing the risk of inflation.
If things keep slowing down, oil is going lower, IMO.
Everyone and their brother is warning.
Unemployment is going to increase, more layoffs are coming.
Retailers are reporting that PC's are just sitting on the shelves collecting dust.
So, will he cut?
Did he over do it with 6 rate hikes? |
