Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 323.55

+7.2%

3:10 PM EST

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To: michael97123 who wrote (41744)	1/30/2001 2:58:26 AM
From: John Trader	Read Replies (1) of 70976

Michael, I was watching the business programs tonight and everyone it seems is predicting a 50 basis point cut, including some former Fed governors. There was no mention at all of going further, I wonder if there is some kind of rule that would limit that, as they all seem to agree that more cuts will be needed as well. Lastly, the Fed futures contracts are supposedly pricing in about a 90% chance of a 50 basis point cut. A larger cut would be nice though. One last comment, my main man, Tom Costello on CNBC (love his "Trader Talk" thing each night), referenced some guy who did a study on past Fed rate cuts. This guy said if the market runs up tomorrow than it will likely pull back Wed. Conversely, if it pulls back Tues, it should run up Wed. He said there was about a 75% chance of this behavior, interesting. John

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