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To: micdundee2 who wrote (34481)5/9/2007 2:23:19 PM
From: Bucky Katt  Respond to of 48461
 
The rout didn't last long... up/down



To: micdundee2 who wrote (34481)5/9/2007 3:34:12 PM
From: Bucky Katt  Respond to of 48461
 
This is the same kind of push we saw after the last FOMC language. I think Ben is using a giant jet powered crop duster now,
the helicopter just didn't hold enough 'product'



To: micdundee2 who wrote (34481)5/10/2007 7:45:44 AM
From: Bucky Katt  Read Replies (2) | Respond to of 48461
 
Bank of England Raises Interest Rate to a Six-Year High to Stem Inflation.
May 10 (Bloomberg) -- The Bank of England raised its benchmark interest rate to a six-year high as consumer spending, house-price growth and record employment drove inflation to the fastest in a decade.

The nine-member Monetary Policy Committee increased the Bank Rate by a quarter-point to 5.5 percent, the highest since April 2001, the bank said today in London. All 61 economists in a Bloomberg News survey predicted the decision. Eleven of 43 economists expect another move to 5.75 percent this year.



To: micdundee2 who wrote (34481)5/10/2007 11:21:27 AM
From: Bucky Katt  Read Replies (2) | Respond to of 48461
 
The retail sales numbers are punk, and the talking clowns on cnbc are trying to figure out why.
I can save them some bad breath, it's the retail price of gasoline. All one has to do is hang out at a gas station for a while and listen to the grumbling.
People feel poorer, and are cutting back because they expect the gas price to continue the upward spiral.

That short the NDX play I mentioned the other day is bearing fruit, already!
Message 23528737

The RUT is taking gas as well, been down >1% twice today.

Could that blue moon predictor be the reason???