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Title: Fed Futures Imply 90% Chance of 100 BP Cut tomorrow
Source: [None]
URL Source: [None]
Published: Mar 17, 2008
Author: http://www.marketwatch.com/news/story/fe
Post Date: 2008-03-17 19:44:36 by tom007
Keywords: None
Views: 147
Comments: 1

April-dated fed fund futures contracts rose 11 cents to 97.98 -- implying a 90% chance that the Fed will slash its base rate to 2%. End of Story

Commentary - 75 BP were the expected as of a few hours ago. This means the Fed is Damned Concerned of a economic melt down SOON.

Tom007

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#1. To: tom007 (#0)

Frank Barbera was predicting last week that the SP500 will lose about 60% of its value before 2010, dropping to 500 in the process. My guess was a bottom around 800 in about the same time-frame. I am just looking at moving averages and judging sentiment, and one broad index I follow (Wilshire 4500) is down hard on the 50-month MA and pushing down on the lower 20-month Bollinger band. I do not see the sentiment needed to cut back to the other side of the band. In view of all this, it appears the fed is over-reacting to the inevitable.

nobody  posted on  2008-03-17   19:56:58 ET  Reply   Trace   Private Reply  

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