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Strategies & Market Trends : Drillbits & Bottlerockets -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (2019)1/26/2001 1:38:28 PM
From: John Pitera  Read Replies (2) | Respond to of 15481
 
the market is rallying due to Alice Rivlan's comments that cnbc verified........she says the FED will cut the Fed
Funds by 50 basis points.

she's a former FED Gov and is not voting this time.

my little wave read of the NASD short term was looking for a rally towards 2775-2800 this afternoon, poss. into
Monday...but the short term changes quickly -g-

the hot money moved into the usual type names on the Rivlan news, BRCD, NTAP,BRCM etc.



To: Jorj X Mckie who wrote (2019)1/26/2001 1:39:21 PM
From: AugustWest  Read Replies (1) | Respond to of 15481
 
Yeah how about it.

Shaking off bad news like it really wants to move upward into the fed meeting. It's all over cnbc that the market is expecting 50BPs, again, so that may be helping things out.

Until they throw their spin on the real reason for it being 50BPs, what ever it is.


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