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To: NOW who wrote (19249)	11/3/2001 5:00:39 PM
From: bcrafty	Respond to of 209892

davidd, I thought about that but I think a cut of more than 50 BP would be a "happy" surprise and would cause a Tuesday afternoon rally, although more than likely the market would tank the next day or later in the week when people realize that the government cut more than 50 because it thinks we're in even worse shape than most people think. In any event I think that a cut of more than 50 is unlikely, and a cut of 50 is pretty much priced in.