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Pastimes : The Big Tex House of Coin
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To: Jeff who wrote (17277)2/26/2001 9:19:19 PM
From: h8_2_b_l8  Read Replies (1) of 19297
 
You've been talking about the markets getting manipulated and today we got another big dose.
Notice how Angel comes out to retout his surprise cut call again just as the markets were on the verge of collapsing through the LOD?

Wow, a lot has changed over the weekend to have the probability jump 20.7%. Was it the tanking in viewership in the XFL? Did the crappy weather in New York on Sunday affect his calculations? Was the probability of a rate cut inversely related to the Vegas line on Tiger's chance of winning the Nissan Open?

......and how does adding 20.7% make any difference to anyone in the equity markets? 60%, 70%, 80%, 90%, 99.9% as long as they have a scapegoat to run to on the 40%, 30%, 20%, 10%, or 0.1% chance that it does not happen who cares?

A proclaimed 80.7% chance of a surprised rate cut equals a 80.7% probability that the markets will be disappointed once they get what will already priced in when/if it comes and a 19.3% chance that the markets tank if we do not get one.

If Angel really has so much confidence in a surprise cut why not load up on calls and buy stocks at more depressed, more over sold, more over shorted prices that will pop twice as hard rather than announcing to everybody on the planet that it's practically a sure thing?

Is his career really in that much need of a boost?
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