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To: Jon Khymn who wrote (123)	5/12/2001 2:59:48 AM
From: Jon Khymn	Read Replies (1) \| Respond to of 795

>>>Stocks slumped on Friday as Wall Street fell victim to a case of "good-news-is-bad-news" after surprising strength in a leading barometer of consumer sentiment cast doubt on the Federal Reserve's aggressive campaign to cut interest rates.<<< I think we'll get 1/2% cut next Tuesday. And since the market didn't rally before the meeting, not sure how long it will last, but the market will rally with the news instead of tanking. Boyz bet big on rate cut, not much on stock but on bonds, so if they don't get the cut they'll be really pissed. They've done all they could to make the environment favorable to cut rate... IF we don't get rate cut, forget short, just buy puts. Dumping will go on, big time.