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

To: PuddleGlum who wrote (42832)	6/25/2003 10:09:09 AM
From: AugustWest	Respond to of 57110

PG, I'm not betting heavily on my WAG IOW, I'm not risking a whole bunch of capitol trading today- I am just not quick enough to trade fed days any more-yes, I'm getting old<NG/g> So I just poke little things but my basis goes back to that barron's article where an overwhelming number of professional money managers were anticipating the next Fed move to be to raise rates. I took it to mean they were bullish on the economy and a raise in rates would be the FED saying that we do see light at the end of the tunnel Now that he essentially telegraphed a few weeks ago he would be lowering they changed their tune to spin it to be bullish and that a cut would be a good thing. However, in reality, further cuts by the fed are anything but bulllsih so i am just thinking they will sell the shit out of a rate cut. the bigger the cut the more they sell. <font size=3>EDIT</font> however, now that the comp is levitating upwards(unless this is HOD<G>) of 1623(+17) and we are fast approaching the "miss by 100" boobie prize territory for my WAG i may be wrong and who knows We may just see 1700 tioday. Weeeeee.