Didn't say that the fed wouldn't continue cutting. I think it is just about the SPEED of the cuts rather than the level. FF futs have priced in 50 bp cuts before and been wrong, I believe. Still think 25bp cut.
if they cut only 25bos at the metting and nothing before hand. You can catch the dow at 1220 that day
An old boss of mine used to say "There you go making sense again. Don't confuse the issue with facts."
Am I the only one that thinks a .75 cut will cause the exact opposite effect of what is intended? Talk about shock! The market will be so shocked it will collapse. There is something seriously wrong here. It's very obvious but it is still unclear. Another WW? I don't think Bush&Cheney plan to leave the Whitehouse this year.
Hehe, good one. You're right. But don't say I didn't warn you. Does anyone know if a president can be changed during state of emergency?
After friday and today, with citi's dividend cuts and more bad news likely in the morning, I will revise my original statement and increase the chance of the rate cut to 50bp, particularly if we have a bad day tomorrow and close well below 12500 with benign inflation numbers this week. 25 bp cut still not out of the question, depending on how events unfold. Got to know when you're wrong sometimes... no shame, no blame. I'd rather be happy than right. Some of you may know what that means.