Quote from dtrader98:
25bps so as not to disappoint wall street (although it's kind of ridiculous at this point).
Initial selloff on disappointment (actually short term overbought sentiment).
Possible initial burst fakout, then selloff into close. Either way, I expect some selloff action.
"Agree. Though, I don't think they're going to get full 50. Fed should give zero. But, we all know that would cause market implosion. Couldn't disappoint the big boys, since they are letting out 3billion dollar writeoffs daily now, in order to get the dirty laundry out by EOY.
No, have to look responsible, yet save markets at same time. 25bps.
My 2c.
