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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 681.44+1.6%Nov 10 4:00 PM EST

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To: t2 who wrote (76728)5/9/2001 11:37:11 PM
From: solihull  Read Replies (2) of 99985
 
<<and that means we could be suprised...and the market reacts better to surprises than it does to anticipated events>>

New,

Agree 100%. European Central Bank (ECB) has been most reluctant to ease their rates. In fact, I believe the last time they cut was sometime early 1999! Fortunately, they have had inflation relatively under control (now only 2.6% - slightly above targets). While the USA currently has about 2.75%

At any rate, I would be jolted to hear they cut tomorrow (hence your theory). It's possible (the USA is certainly strong-arming them to do so!), but I wouldn't want to bet the farm on it.

Best,

john
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