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Strategies & Market Trends : John Pitera's Market Laboratory
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To: John Pitera who wrote (9108)3/18/2008 11:00:42 AM
From: Augustus Gloop  Read Replies (1) of 33421
 
Do you think we bust the January lows on 50 beeps?

I've been kind of waiting for the Fed to go on the offensive since January. If they cut by 50 today and the market tanks - what do you think the chances are that they cut by another 50 on Friday (options expiration) in an effort to blow the shorts and put buyers out?

In January I was thinking they might just do that. They were going to cut anyhow and they would have almost have been acting as a weapon to put the fear of God into short traders
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