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Strategies & Market Trends : Sharck Soup
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To: Sharck who started this subject5/12/2001 8:28:26 PM
From: besttrader  Read Replies (1) of 37746
 
I actually agree with this -->

So, as we go into the FOMC next week we’ve got the bond market starting to get into trouble, the gold shares and the metal getting some interest, and stocks looking extremely tired. That’s not exactly a bullish recipe. Anybody thinking that Uncle Al and the Fed took a look at today’s stronger data and is now reconsidering their current aggressive easing course that they’re on is dreaming, I think. The Fed has made it very clear that they’re going to keep cutting, and that inflation is not a concern. So, we’ll probably get our 50 bp chaser on Tuesday to follow up the BOE's and ECB’s 25 bp cuts this week, and we’ll see what people can do with it. I doubt they can do much as this rally looks to be showing the early signs of falling apart. I’d start strapping in Tuesday morning if I were you. Once the initial reaction to the cut is over and done with, we could hit some air pockets on the downside.
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