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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (78597)	1/16/2008 6:33:59 AM
From: Real Man	Read Replies (1) \| Respond to of 94695

Wednesday Ben, Thursday Ben, or Friday Ben? Should be this week if it happens, and quite likely this morning. <g> Ashraf Laidi, a currency expert at CMC Markets, said futures contracts were starting to price in a serious likelihood of a half point cut before the next scheduled meeting at the end of January. "With US equity indices testing their August lows and current macro-economic dynamics knocking at the door of recession, we place the probability of a 50 basis point inter-meeting rate cut as high as 70pc to occur as early as next week." telegraph.co.uk "ECB warns crashing dollar may stop Fed cuts" That could cause a serious BK. The problem is... these cuts are priced in, so it is not hard for the Fed to fail to deliver -g- Either we crash now, or we bounce big (1450- ish?), then keep crashing - perhaps, after the Fed meeting this month, which means next month -g-