I doubt it. They'll cut -in September. Any cut here would cause a panic, not a bounce, imho.
my guess is september at the earliest but maybe not even then.
ed rader
Edited by ed rader, 15 August 2007 - 11:01 PM.
Posted 15 August 2007 - 11:01 PM
I doubt it. They'll cut -in September. Any cut here would cause a panic, not a bounce, imho.
Edited by ed rader, 15 August 2007 - 11:01 PM.
Posted 15 August 2007 - 11:04 PM
Posted 16 August 2007 - 12:19 AM
Spooky, they will cut it, but the market will have more blood bath first. 10% correction is not enough for a cut, 15-20%, sure. The first stop is 1388 and then the market will not stop before 1350 now...
Even this would makes only 13% decline, a lot of room to drop more...