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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 14 4:00 PM EST

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To: Les H who wrote (75637)	4/21/2001 1:11:30 PM
From: James Strauss	Read Replies (1) of 99985

Les: The banking crisis in Argentina may have fueled the FED's enthusiasm for this week's unexpected 1/2 point rate cut... Just one day before that the futures said 0% chance for an inter-meeting cut and 100% chance for a 1/4 point cut in May... Now we're expecting another 1/2 point cut in May... That's 3/4 of a point more than we were expecting on Tuesday... You get nothing for nothing... As Ed Sullivan would say, "We've Got A Really Big Shoe Ready To Drop" : > Jim

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