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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (5228)	1/16/2004 12:12:12 PM
From: mishedlo	Read Replies (1) \| Respond to of 110194

anticipation of lower ECB rates, as good as reality / jw Ahhh. That my friend is the problem. If the Euro rises in anticipation of a cut and it does not happen what then happens to the Euro? I am now thinking along the path of a change in bias rather than a cut at the next meeting. That makes the "threat" genuine and gives the market time to digest the news as well as looking forward to the cut. Might relieve the downward pressure on the $ more than an out and out surprise, and for a longer period of time as well. Mish