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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject2/26/2001 5:20:52 PM
From: besttrader  Read Replies (2) of 37746
 
The Conference Board's Consumer Confidence Index for February is expected to show a drop to 109.6 in February, following January's reading of 114.4,
according to a recent Reuters survey of U.S. economists.

``The worse the economic data, the more markets will probably rally because it definitely assures the continuation of a very aggressive interest-rate policy,'' State
Street's Riley said.

What do you guys think the Consumer Confidence number will be?
If it is very bad, will the market rally, hoping greeny will cut this week based on this number?
If it is good, will the market rally because it will give hope that the recession is going to be over soon?
(If there is a recession at all yet).

Also, do you think a surprise cut is already priced in yet? I believe a 75 cut at the meeting has
already been priced in.
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