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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (64987)12/21/2000 10:33:48 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 99985
 
Zeev:

You could be right, but a poster on another site says that Fed Fund futures now are pricing in a 40% chance of a rate cut before the next FOMC meeting. So perhaps not a done deal, but still a reasonable bet.



To: Zeev Hed who wrote (64987)12/22/2000 12:02:13 AM
From: Ibexx  Read Replies (1) | Respond to of 99985
 
Zeev and thread,

Larry Wachtel of Prudential Securities wrote in his Closing Market Commentary (12/21) that there were rumors the Central Bank held an emergency meeting today. When approached for confirmation, the Fed said "no comment".

I think all the noise Bush Jr made regarding a weak economy and tax cuts have push Greenspan and company further into a corner. Political posturing overshadows economic reality - as always.

Ibexx


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