Will the Fed cut rates? That is a question that was asked to me on Labor day. My unqualified opinion is not will they, but what happens if they do? Right now the markets are discounting a cut, so will it be a sell the news type of reaction? Will a 25 or 50 bp cut really effect the credit markets? Not really, but supposedly it will be a psychological buffer. All I have been saying is stocks got cheap, Bear Stearns did not go out of business, and fear ran real rampant on a 7% pull back in the indicies. If you are playing the home game, I would lock in some of those short term trades by the end of this week in time for Fed Watch 2007.
By the way, $%^* Appilation State.
3 comments:
I watched Fed for a coupla hours tonight. He beat Roddick... again.
Do you like Rog? I am not a huge fan, but it would be nice if Roddick would beat him.
To find out my feelings on Federer, see my latest blog post. That oughtta clear it up. ;-)
PS - Gabby teaches at Roddick's alma mater. I guess I need to insert that in my post.
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