Come on Atticus, you know the old adage, "there's no such thing as a sure thing"! There are no guarantees on ET, except that timmy will continue to pimp his book and respond to EVERY post with more spamming. The other guarantee is that surfer will always act like a ass.
I think the nonfarm number guaranteed the Fed will shelve any ideas for rate hikes in the future for quite some time.
The effective Funds rate has been 5% for weeks. It's a bit disingenuous that the lower target hasn't already been announced. Atticus is completely correct. Going into Friday it was debatable if they'd move on a strong number. No doubt now.
Maybe true Pabst. But you of all people should see the gorgeous shorting opportunity, with little room for error, if most believe the Fed will cut and they don't.
Let's take a look at the effect of the last round of cuts.... http://futuresource.quote.com/charts/charts.jsp?s=IN X0&o=&a=W&z=800x550&d=HIGH&b=bar&st=
Of course whether they cut is out of my hands but I think they would be moving premature to cut it now. If effective rate is at 5.00 in the market then the fed can tolerate that for a little while longer given current liquidity and credit issues. But an actual cut SHOULD take more than just the jobs growth number for a volatile month.
Idiot.....have you ever heard of the fed fund futures rate? Look at what is says moron as of today? Does it not say 100% for .25 and 74% for .50 basis cut? The market looks to be pricing in a 100% that the FF will close out the year @. 4.50% What happen to all the "True Traders" on this site. Where did all the "CRAP" come from? Go back to you day job guy.....
try relaxing and maybe I can understand what you are saying. And if you think using the word idiot helps the discussion at all then do not bother.