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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: Von who wrote (16840)8/2/2002 3:02:07 PM
From: aktony  Read Replies (1) | Respond to of 36161
 
Von. Right you are!

They will try a last gasp effort to prop up the economy. At 14:14ET, Briefing.com notes JPM Securities comments on mortgage stocks; believes that breach of 2% by the 2-yr Treasury (for the first time in history) indicates that the bond market is factoring in a Fed rate cut.

IMHO this last prop job will target the POG, so I expect another dip before the finale.