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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Grandk who wrote (88425)	9/7/2007 3:26:35 PM
From: GraceZ	Read Replies (1) \| Respond to of 306849

My gut feeling is Bernanke is going to do the wrong thing Anything he does will be the wrong thing because it isn't possible for him to know where rates should be.

To: Grandk who wrote (88425)	9/7/2007 3:31:52 PM
From: deeno	Read Replies (2) \| Respond to of 306849

"give WS a surprise rate cut." A surprise cut??? A Dow Jones Newswires/CNBC survey of 20 of the 21 primary dealers - those who deal directly with the Fed and underwrite Treasury auctions - found that the median expectation was for the central bank to cut to 5.0% in September, ease to 4.75% in October and lower the rate to 4.50% by the end of the year. The only dealer that did not expect a September rate cut was Cantor Fitzgerald. You may be right anyway. Since everyone is already expecting a cut, when it happens and the market doesnt go up much or fades quickly you may end up with a sharp drop by the end of the day. So you may end up being right for the wrong reason.