we touch 1270-1255, fomc cuts, and we and end the day above 1310. actually that was goldman's idea. who's in?
They may have plagiarized. Here is my prediction (live): http://www.elitetrader.com/vb/showthread.php?s=&threadid=120516
and only for a few days, or a few weeks max. Rate cuts are doing nothing now, actually raising long term rates the same day each of the last two. the 30 year moves according to inflation fears, which the FED stokes big time each time they cut. Absolutely hammering the dollar, which is THE reason for commodity inflation. They need to STOP doing this, and let us get the recession over with already. this will clear the balance sheets, and inefficiencies, and get us onto the next leg of growth. the FED is just extending the pain and making things worse at this point. Recessions are a natural part of the biz cycle. Too bad the FED doesn't get this anymore.