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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	1/30/2001 8:53:45 AM
From: jchaulk	Read Replies (1) of 37746

INSITE; S&P futures are trading at -2.2 with fair value about +2. Nasdaq futures are trading at -28.5. The Fed's FOMC meeting begins today and they will release their decision on interest rates tomorrow around 2:15pm ET. It is a two day meeting this time. The market has priced in a 50 basis point cut in rates according to the Fed Funds futures. If we get that I think we could rally somewhat, assuming the Nasdaq does not get past 2900 before then. Anything less than 50 basis points and we will sell.

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