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Pastimes : Trading the markets.....
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To: William H Huebl who wrote (3760)2/25/2001 8:05:16 PM
From: sandeep  Read Replies (3) of 4583
 
Unless some company warns, ndx 1850 is not going to happen on monday. On tuesday consumer confidence numbers will come out at 8:30 am eastern. Speculation is that Greenie will know the numbers on monday and might cut rates on monday or tuesday depending on the numbers. I think the speculation on monday will be that he will cut on tuesday after the numbers. That will keep the dam from bursting on monday. I think monday/tuesday is a sell. There is nothing holding this market up except the hope for interest rate cuts. Even when the economy is not that bad, the sentiment is that it is in real bad shape.
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