|
PureBytes Links
Trading Reference Links
|
There seems to be a bit of lower rate anticipation being promoted in the
media. If you think about discount rates being a limited tool of the Fed,
then it would make more sense to see rates lowered when DJIA 7400 is being
challenged again rather than now at 9300. My read of Greenspan's speech last
week was that stability appears to be occurring in financial markets. So one
conclusion argues that he would hold off on a rate reduction until it is
really needed to prop up the mkts...assuming that was part of the equation.
Bob
|