futures are leading us to a higher open. CAUTION...futures are expecting a 50 bp cut. unless we get more than that (highly unlikely, when was the last time???) we're heading for a down turn towards 1:15. Just my thoughts.
futures higher big boys building up
Started by
TheArchitect
, Jan 09 2008 09:48 PM
6 replies to this topic
#2
pdx5
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I want return OF my money more than return ON my money
Posted 09 January 2008 - 10:10 PM
When exactly will the rate cut be announced? Which day? Thanks.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#3
Trend-Signals
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Posted 09 January 2008 - 10:16 PM
As far as I am concerned.
IT IS CRAZY TO THINK THAT WE ARE GOING TO RATE CUT.
I do not think that we are going to hear anything on rate cut.
All right I will just have to wait and see but I am totally amused by some of posting pattern on the site tonight.
I haven't visited here for a while except a couple of days ago to post expecting a support.
Done
GOOD NITE!!
#4
milbank
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Posted 09 January 2008 - 10:21 PM
Your visits and especially your critiques of the posters are always a treat.
Buhbye.
"The power of accurate observation is commonly called cynicism by those who have not got it."
--George Bernard Shaw
"None are so hopelessly enslaved as those who falsely believe they are free."
--Johann Wolfgang von Goethe
#5
TheArchitect
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Posted 09 January 2008 - 11:43 PM
As far as I am concerned.
IT IS CRAZY TO THINK THAT WE ARE GOING TO RATE CUT.
I do not think that we are going to hear anything on rate cut.
All right I will just have to wait and see but I am totally amused by some of posting pattern on the site tonight.
I haven't visited here for a while except a couple of days ago to post expecting a support.
Done
GOOD NITE!!
TS...
your last chart posting indicated you believed in a support at xxx...don't know but remember the chart. a monthly right? well yes we still have held that support, but an macro economic event (such as a lower than expected us rate cut) will cert put us into a freefall towards the aug lows. our whole market thesis will need to be revisited upon a move such as that. any comments on this??? we have guys making very accurate closing calls looking for market cuts up to 75 bp's. i mean, this is just as bad as throwing the dice...
#6
thespookyone
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Posted 10 January 2008 - 12:01 AM
Don't really understand your thinking. Fed meeting is not tomorrow, just a Ben speach. I'd put the chance of an emergency rate cut during that speach somewhere between slim and none-and slim just left town.
Edited by thespookyone, 10 January 2008 - 12:01 AM.
#7
SandStorm
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Posted 10 January 2008 - 03:54 AM
When exactly will the rate cut be announced? Which day? Thanks.
The scheduled meeting is on Jan 29 /30. That's when we are getting the cut.
