Is anyone really expecting a rate cut???
Dow rallied yesterday on anticipation of a rate cut, when 2:15 comes and the Federal reserve doesnt cut rates expect a triple digit loss, however if his wording is perfect and everything is fine in subprime mortgage land and housing seems to be bottoming in his view the may take the dow to 13500+ today, get ready because its going to get extremely volatile by 2:16pm.
Dow rallied yesterday on anticipation of a rate cut, when 2:15 comes and the Federal reserve doesnt cut rates expect a triple digit loss, however if his wording is perfect and everything is fine in subprime mortgage land and housing seems to be bottoming in his view the may take the dow to 13500+ today, get ready because its going to get extremely volatile by 2:16pm.