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Knew it immediately here 9.00 CST (10:00EST)and heard it on "not so reliable
CNBC" too almost immediately, so yes your service was slow on this one?
don ewers
----- Original Message -----
From: "qwerasdf12345" <prog1@xxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, December 05, 2001 10:05 AM
Subject: [RT] Re: Interest rates and recession
> Point taken about th eout months, but what the NAPM numbers were late
> out today - 1517GMT is when I saw them first. Nearby Eurodollar
> started dropping 1501GMT, that's why I didn't understand what was
> going on. Did you see the NAPM figures earlier ? (Read: Is my news
> feed getting slow ? ;-)
>
> --- In realtraders@xxxx, "chrischeatham" <nchrisc@xxxx> wrote:
> >
> > The market mover today was the services index over 50 = growth in
> > services sector. The ED out months are much more meaningful than
> > march right now, the moves are bigger too. :-)
> >
> > chris
> >
> > --- In realtraders@xxxx, "qwerasdf12345" <prog1@xxxx> wrote:
> > > March Eurodollar fell out of bed today after the Chicago Fed's
> > > announcement that the US are (duh) in a recession. I can't see
> any
> > > obvious support levels with stops hiding underneath that got hit
> on
> > > the way down which would explain the speed of the move.
> > >
> > > I would have expected "Fed says it's a recession" leading to
> > > expectations of lower interest rates and as a result a higher,
> not
> > > lower price for the nearby Eurodollar.
> > >
> > > Is this an exploitable anomaly or am I missing something ?
> > >
> > > Regards,
> > > Stefan Schulz
>
>
>
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