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

To: Haim R. Branisteanu who wrote (72766)	3/20/2001 11:45:10 AM
From: Dennis O'Bell	Read Replies (2) \| Respond to of 99985

Haim: I've been told that the fed fund futures are a more precise indicator of rate changes than the IRX. Since yesterday's ff futures close predicted a rate 2/3 of the way between a 50 and 75 basis point cut for the rest fo the month, I figured they were saying the odds were 2:1 for the higher cut. I should have mentioned that this surprised me, I was in no way echoing anything heard on CNBC which I never watch. I don't even know who half these people are on there that everyone pokes fun at.