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To: Secret_Agent_Man who wrote (353022)1/10/2008 12:28:55 PM
From: LTK007  Read Replies (1) | Respond to of 436258
 
Breaking News:Market momentarily moving up on Breaking News of Bernanke stating how bad things are , cuts may well be necessary and people are thinking a pre-meeting cut is in offing. Picture Bernanke is painting a worsening picture and the SPX has catapulted 18points in 7 minutes on all this bad nerws--it just LOVES it now it knows Fed will be cutting, and maybe before meeting. Max consensus now 50 basis point cut avirtual guarantee. Futures have jumped to 80% chance of 50basis point cut.