Poll: Fed Cut

Discussion in 'Economics' started by Tony01, Nov 5, 2002.

  1. ges


    yeah, it's amazing how the gurus and vendors survive despite their failures. It's a lot like televangelists. Pure scam and sham, but it succeeds nonetheless.

    #11     Nov 6, 2002
  2. GRIME


    I think that it will be .25 cut. Nasdaq will go sharp up but only during short time (2-5 minutes) than the trend will change to south. Selling will doing until the end of today. I will open short at QQQ a few minute before release.

    Reason why I think this:
    Look at overnight rate now, there is 1,5% it means that 25 cut is price in. Fed will not bring any news to investors
    If you look at history, you will see that indexes goes down until the end when cut was in line with expectation (5 case in 8 easing from 01)
    A lot of guys will start realize profit from a few week ago.

    If Fed will do unchanged my scenario will be the same

    If Fed cut 50 points, stock will rise to the heaven and my scenario will be totally wrong, but I don't expect 50 point.

    Please excuse my English and spelling, I am not native speaker.
    #12     Nov 6, 2002
  3. Ignorance and Apathy

    Don't Know and Don't Care :p
    #13     Nov 6, 2002
  4. Tony01


    So far out of 71 votes:

    No cut- 24%
    .25- 63%
    .50- 13%

    73% see some sort of sell-off regardless of outcome!
    #14     Nov 6, 2002
  5. .5% cut,

    they need to attack long term rates!
    #15     Nov 6, 2002
  6. ddefina


    Ouch, that was kind of like who wants to be a millionaire when the audience is wrong. I think everybody was short going into that announcement (including me:mad: ).
    #16     Nov 6, 2002
  7. ElCubano


    initial reaction is usually incorrect...lets see if that holds true......
    #17     Nov 6, 2002
  8. instant spike from -6 DJ to +87 DJ, now presently at +32
    #18     Nov 6, 2002
  9. ElCubano


    initial reaction was incorrect...so far so good
    #19     Nov 6, 2002
  10. bobcathy1

    bobcathy1 Guest

    looks like the shorts are going to be the winners in this fight.
    #20     Nov 6, 2002