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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: michael97123 who wrote (41242)	1/3/2001 1:34:07 PM
From: John Trader	Respond to of 70976

Micheal, I don't know the answer, but apparently it has happened before, and I heard the credit markets have priced in a 40% chance that the Fed will cut before the meeting, if I heard that right. The track record of these markets in predicting the Fed is supposed to be very good. In post number 41248, however, I suggested the idea that Greenspan would not move so aggressively to cut rates as most are expecting, just because it fits the pattern of opposites. Rather simplistic reasoning, but a contrarian would have done quite well for a long time now.