Fed is going to cut a quarter percent tomorrow. At this point my model signals an IT SELL and if there was no Fed meeting tomorrow the market would have started the sell-off yesterday. Let's see how much cut the Fed can offer tomorrow. Very likely the market will be disappointed and will sell-off on the news tomorrow afternoon.
FF on The Fed Move
Started by
redfoliage2
, Apr 29 2008 06:54 AM
2 replies to this topic
#2
Drano
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Posted 29 April 2008 - 07:29 AM
Everywhere I go now I'm seeing analysts say the market will sell off if the cut is MORE than .25, and that NO CUT would fuel a rally.
Suddenly rate cuts have become the enemy. Now they are saying higher rates will benefit the financials.
#3
redfoliage2
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Posted 29 April 2008 - 11:17 AM
Everyone knows Fed can only afford .25% cut.Everywhere I go now I'm seeing analysts say the market will sell off if the cut is MORE than .25, and that NO CUT would fuel a rally.
Suddenly rate cuts have become the enemy. Now they are saying higher rates will benefit the financials.
