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Strategies & Market Trends : Angels of Alchemy -- Ignore unavailable to you. Want to Upgrade?


To: If only I'd held who wrote (23580)12/19/2000 2:35:38 PM
From: hjz  Respond to of 24256
 
That rumor of a rate cut has really muted the good news from the FED. They have not dropped bias 2 steps in a long time and that means that rates will be cut early next year and that is great news for stocks. It is a shame that these rumors of a rate cut has caused this confusion. I think you are right, someone planted this rumor because it never made any sense when I heard it last Friday and when a rumor has no basis in fact then it is usually a trading rumor to try to make money.

HJ