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To: Henry J Costanzo who wrote (124290)9/20/2005 2:27:14 PM
From: Moominoid  Respond to of 209892
 
The only real change is that Olson voted against. No sign of any let up in planned future rate increases as far as I can see. Will invert the yield curve at this rate.



To: Henry J Costanzo who wrote (124290)9/20/2005 2:27:23 PM
From: Henry J Costanzo  Read Replies (1) | Respond to of 209892
 
Fed...PS

Description of monetary policy unchanged,,
LIkely future policy unchanged.
FFunds rate up 1/4 to 3 3/4.



To: Henry J Costanzo who wrote (124290)9/20/2005 2:30:27 PM
From: The Freep  Read Replies (2) | Respond to of 209892
 
Oh, Sure, MC... you get the Fed statement stuff right in advance, but you fail to connect the dots and show us the effect of the Fed move on the price of tea in China. Without that, your posts are FA gibberish to me.

In my brief times home today, I've been watching LEN continue its three day fall (without the other homies) and watching IBM rebound nicely off a new low to stay in that consolidation. Coulda broken down. Didn't. Maybe the whole fate of the Dow rests on IBM <g>

the freep