P&S and STO Death Blow's Message Board

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Strategies & Market Trends : P&S and STO Death Blow's

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To: Jeff who started this subject	10/28/2002 2:33:24 PM
From: exp	Read Replies (2) of 30712

Jeff, Justa, Ajtj: FYI: I want a fed rate cut next week. And one more by 12/31. This way the road to my targets: NASDAQ=500, SPX=375 will be wide open and smooth. Enough of this asset-bubble nonsense. <gg> 12:14 ET Merrill Lynch is calling for a 25 bp cut to come out of next Wednesday's FOMC meeting This call follows speculation in the Washington Post that the Fed is sufficiently worried that the recovery has stalled that it is likely to lower interest rates before the end of the year. The futures market for Fed Funds now reflects a 65% probability of a 25 basis point (1/4%) cut in rates, up from 45% on Friday.

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