no rate cut next week. If there is dont expect 50, expect only 25. They cant just let liquidity dry up....
No cut- DOW down 400 points .25 down 100 .50 up 200 Shit is baked in hard right now. Getting to overbought conditions. Either way the FED has the market by the balls and won't let a serious crash happen which is what is needed anyway.
no rate cut = tank 1/4 pt as expected probably sellling off the news 1/2 pt (not going to happen) = market ripping however - no rate cut means that the feds believe the market is not going to hell and the market doesnt need to be saved 1/2 pt means more or less the opposite 1/4 pt somewhere in between if one were to see oil at 80/barrel and gold at 700+ hard to think the market is crap...to bad about credit crunch anywho just my 2cents