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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Augustus Gloop who wrote (8758)1/22/2008 11:17:04 PM
From: Patrick Slevin  Read Replies (1) | Respond to of 33421
 
Particularly before a dangerous day.

You have the Admin figuring the World will buy into the President's Plan.

And, you have a day off where US Markets won't trade & the US Central Bank cannot inject liquidity domestically.

Seems like they took a long shot.

Now, they may have to cut another 1/2 end of the month just to stay even. & that should be it. Last I looked at Fed Funds I think it was pricing in another 0.50 & those dudes are rarely wrong.