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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?


To: The Reaper who wrote (8995)5/4/2001 7:46:59 PM
From: Tom Hua  Read Replies (2) | Respond to of 19633
 
Hi Kirby, please feel free to not only take back the "thanks" but send me a curse instead. While I was correct in predicting job contraction, I was totally wrong with my thinking of market reaction after the first 30 minutes. The bad news was quickly perceived as good news for a sure rate cut. Fed fund futures today priced in a 100% chance for 50 bp, beginning to hear some media personalities using the words "at least" 50 bp. If that sentiment of more than 50 bp starts to flow around more, that's the best scenario going into May 15th.

Regards,

Tom