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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Les H who wrote (71214)2/23/2001 5:06:31 PM
From: Les H  Read Replies (1) of 436258
 
interesting. they're now hedging on their interest rate cut call. 60% chance of it occurring on Monday, Tuesday, or Wednesday. As mutual exclusive and assumed not to occur twice in that period, that's a 20% chance for each day or is it. Given no rate cut on a given day, you could see mid-day selloffs each day in disappointment with rally at close of day on calls for cuts the next day.

thestreet.com
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