Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: BoNg-N-BoNg who wrote (16341)	6/30/1999 11:08:00 AM
From: John J H Kim	Respond to of 43080

CPMI came in stronger than expected. So a 50 bp is more likely than it was before the CPMI numbers. Which could mean that if we get only 25 bp today, then it will be seen as insufficient.

To: BoNg-N-BoNg who wrote (16341)	6/30/1999 11:09:00 AM
From: LastShadow	Respond to of 43080

If they announce the .25, I expect the market to go up large and broadly. But I also expect some profit taking at 3:30, but not any form of selloff the question isn't really whether is going to be .25 or .5, but if the bias has changed - which I think it has in that they are less likely to start raising rates every month - more of a hands off bias- that should be good for markets in general - and since we are reentering earnings season, it should be back to a bull market with typical overreactions to news and earnings. I have to be at the lawyers this afternoon, so won't be online - enjoy... Just read John's note - well, what more could one ask for than contrary opinions to consider...lol