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Strategies & Market Trends : Classic TA Workplace
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To: mishedlo who wrote (127651)1/4/2006 12:06:46 AM
From: venividivici  Read Replies (1) of 209892
 
Extrapolating from today's interpretation that the last rate hike is closer than previously thought, wouldn't that imply that the first rate cut is also closer than thought? If that's true, today should have been sold due to forecasted economic weakness. Instead it was bought because the market thinks the Fed has gone too far and that a short-term rate cut is needed at some point in the near future to boost the economy, right?

Still, although I disagree in this particular instance, thanks for taking the time out to list your predictions. At least gives me some things to think about.
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