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

To: russwinter who wrote (64828)	6/29/2006 11:22:45 AM
From: UncleBigs	Read Replies (2) \| Respond to of 110194

I meant they hike 25 basis points and go softer on the language. Probably not an outright pause but strongly suggesting a pause. I think August fed funds futures will drop to 50% or lower chance of a fed funds hike. I agree it's bearish over the summer. It might be bullish into tomorrow. This ramp looks suspicious to me. I'm dead flat going into this announcement and will get progessively short on any further rise. I'm buying more puts on the financials right now.