could be...but not without the possibility of some fearsome pullbacks...one of which i'm expecting to begin pretty soon.
looows anywhere from 11/4 to 11/19
can you say AMEN??? <g>
*FOMC meeting 11/6/02
News from various services, included speculation the European Central Bank is prepared to cut its policy rate. The IMF has openly urged the ECB to do so. The next ECB policy meeting convenes November 7.
Three of the nine members of the Bank of England's Monetary Policy Committee voted on October 10 for a 25 basis-point cut in the securities-repurchase, or repo, rate. The next MPC meeting will be held on November 6 and 7.
Fed Funds Futures are currently pricing in the following:
22% odds of a 1/4 point cut (1.5% Fed Funds Target Rate)
at the November 6th FOMC meeting
Prior to the single-day meeting of the Federal Open Market Committee, on November 6, voting members of the committee will have the following major economic reports for review.
Chicago PMI, Wednesday, October 30
Employment Cost Index, Thursday.
Emploment Situation, Friday
Personal Income and Expenditures, Friday
ISM/NAPM Manufacturing Index, Friday
And, the ISM/NAPM Services Index, Tuesday, November 4. |
