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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?


To: sun-tzu who wrote (38767)5/5/2003 11:41:24 AM
From: Jorj X Mckie  Read Replies (1) | Respond to of 57110
 
right now, I am only looking for 919 on spx. if we bounce there, I will be looking for 942, if not....



To: sun-tzu who wrote (38767)5/5/2003 11:50:00 AM
From: AugustWest  Read Replies (1) | Respond to of 57110
 
speaking of the FOMC,
According to the Barron's article,
Most are expecting them to raise some point this year

Is the Fed more likely to raise or lower interest rates over the next 12 months?

Raise rates 55.6%
Lower rates 44.4



so if we do get another cut that might send a spooky message to Da Bulls.
might see a panic sell off as they realize the economy is not recovering according to their plan.