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I wonder if this could be an example of "buy the rumor" sell "the fact"?
Gil
----- Original Message -----
From: RAY RAFFURTY <rrraff@xxxxxxxx>
To: Real Traders <realtraders@xxxxxxxxxxxxx>
Cc: Real Traders <realtraders@xxxxxxxxxxxx>
Sent: Tuesday, October 05, 1999 9:49 AM
Subject: Fw: FOMC meeting?
>
> ----- Original Message -----
> From: RAY RAFFURTY <rrraff@xxxxxxxx>
> To: <joachim@xxxxxxxxxxxx>
> Sent: Tuesday, October 05, 1999 9:15 AM
> Subject: Re: FOMC meeting?
>
>
> > Hi John,
> >
> > The briefcase indicator says the Fed. WILL raise today. For those of
you
> > who do not know how this works: On the morning of the Fed meeting CNBC
> > stakes out the entrance to the building and records the size of Chairman
> > Greenspan's briefcase. A fat bulging briefcase, especially with papers
> > sticking out, indicates a change in rates, up or down. A thin briefcase
> > indicates no change. The direction is determined by common sense.
> >
> > It works on the theory that to change rates, more information (papers)
is
> > required than to keep rates the same. To date it has been very accurate
> but
> > is always subject to error.
> >
> > Good luck and good trading,
> >
> > Ray Raffurty
> >
> > ----- Original Message -----
> > From: <joachim@xxxxxxxxxxxx>
> > To: RAY RAFFURTY <rrraff@xxxxxxxx>
> > Sent: Monday, October 04, 1999 10:32 PM
> > Subject: Re: FOMC meeting?
> >
> >
> > > Ray....how about a small one liner after the Greenspan's briefcase
> > > indicator....... for those of us who are not tune into CNBC
> > >
> > > Thanks
> > >
> > > john
> > >
> > > RAY RAFFURTY wrote:
> > >
> > > > Hi Gary,
> > > >
> > > > Actually, to get a jump on the Fed. meeting tune into CNBC at about
> 8:00
> > AM
> > > > EST for Mr. Greenspan's briefcase indicator. It has been correct
> > something
> > > > like 18 out of the last 19 times. {;-)
> > > >
> > > > Good luck and good
> trading,
> > > >
> > > > Ray Raffurty
> > > >
> > > > ----- Original Message -----
> > > > From: Gary Fritz <fritz@xxxxxxxx>
> > > > To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxx>
> > > > Sent: Monday, October 04, 1999 4:34 PM
> > > > Subject: FOMC meeting?
> > > >
> > > > > I'm holding a long position into tomorrow and I figured I'd
check...
> > > > >
> > > > > The FOMC meeting starts tommorrow morning at 0900 ET. But there
is
> > > > > usually not any impact from the *start* of the meeting, right?
Any
> > > > > fireworks, if any are to happen, shouldn't launch until they
> announce
> > > > > on Thursday at 1400 ET?
> > > > >
> > > > > The market doesn't seem to think Mr. G. will drop any bombs on
> > > > > Thursday, given the run-up since Friday afternoon. Anybody want
to
> > > > > hazard any predictions?
> > > > >
> > > > > Thanks,
> > > > > Gary
> > > > >
> > > > >
> > > > >
> > >
> > >
> > >
> > >
> >
>
>
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