4 replies to this topic

[relax]

During this week several argued that market would "crash" when the job report would show strong growth as rate cuts would be priced out today market went up, despite pricing a good chunk of rate cut hopes out "Indeed, the odds of a cut in the Fed's overnight target rate by the end of October fell to 46% from 72% earlier, according to prices in the Chicago Board of Trade's federal funds futures. The market's now pricing in one further rate cut by the end of the year and a 40% chance of a second cut, compared with two rate cuts priced in earlier." lot of people looking for a low within the next 5-8 trading days where will it come from - nothing connected to subprime is going to do the job fomc minutes could do the job on friday or inflation data on friday could start some move down these two options IMO enjoy the weekend guys!

[arbman]

Welcome to the dark side!

[danzman]

that's classic

[arbman]

The point is the inflation is not too high, but the rates are not that high either anymore compared to the inflation, so until they see more cooling in the earnings front, the direction of least resistance remains up with or without the Fed easing... But I do expect an adjustment next week mostly because of the ST extreme readings...

[eminimee]

I didn't see anyone predicting a crash but I did feel the market wouldn't like a strong number ....I still do but have to give it another day....sometimes there is a squeeze as the market wanted a target to get hit regardless of anything.........interest rates might start to get priced in on Monday as I feel that target got hit Friday. ....or I'm flogging a dead horse. lol