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Strategies & Market Trends : Waiting for the big Kahuna
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To: Grandk who wrote (78825)1/21/2008 10:22:56 PM
From: Real Man  Read Replies (2) of 94695
 
It's around 18%. 75 bp. almost never happened in the past,
and never in recent past, and 100 bp. never
happened before at all. However, the Fed could do it twice - one
50 bp. cut tomorrow, one next week, so it's possible
to break that cut in two, so that what did not happen
before will not happen again -g-. Note
that they are, in fact, in a box, because the core inflation
is running higher than their target of 2%. I guess a chance of
a NEGATIVE surprise has been the main cause of the dollar rally.
That, and the Euro/Yen carry blow-up -g-. We'll know in
a week. 50 bp. at the meeting will make the buck happier, but it
will likely be an upset for the markets.

I think the probability is high for some emergency action
tomorrow morning. In any case, the cut issue will
be resolved shortly -g-
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