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Strategies & Market Trends : The coming US dollar crisis

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To: ggersh who wrote (3703)1/29/2008 8:06:53 PM
From: Real Man  Read Replies (2) of 71475
 
Yes, a 50 bp. cut has by far the largest probability assigned
by the market. 25 bp. cut has about a 20% chance, and will
be a negative surprise for the stock market. I'm not going
to do the guessing game, as I have no idea what the Fed
is going to do. Most likely 50 bp., not to risk further
immediate meltdown for stocks that can easily turn into
a crash. I could even see 75, since this Fed never cared
about anything but stock prices.

That, perhaps, should confirm a bear market
bottom for stocks and push the dollar to new lows. I think
there will be a lower bottom for this bear market, maybe not
right away. I'd give it a month or two, but you never know.
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