What Bernake going to do @ 2:15pm ??

What is the Fed going to do at 2:15?

  • cut 0.75

    Votes: 28 23.1%

  • cut 1.00

    Votes: 44 36.4%

  • cut 0.50

    Votes: 14 11.6%

  • cut 1.25

    Votes: 6 5.0%

  • Shave his beard in front of congress.

    Votes: 29 24.0%
  • Total voters
    121
  • Poll closed .
I figure .75, but tomorrow will be up regardless, just because we're basically sold out, short-term. That'll be especially true if LEH reports poor numbers (they report before the open) and take the market down in the early going.
 
100 basis point cut.

This is a true double-edged sword.

He'll give them that, because he wants to go above and beyond, and it will be interpreted as yet one more desperate move, signaling that the fed has lost faith in the economic fundamentals.

They can not win tomorrow.
 
Imagine if he said "Ladies and gentlemen, I can't keep up this charade any longer. I'm tired of being a stool pigeon for the Morgan interests. Jim Rogers was right all along. I hereby resign and demand the abolition of the Federal Reserve."

Then shaved his beard.

Damn that would be worth $1 million just to see the looks on everyone's faces if that happened.
 
Share Market goes down in any event.

100bp = expected...goes down.

<100bp = not expected...not enough...goes down

>100bp = not expected...big shock..what do they know that we don't? goes down
 
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