My Macro Visions, Technicals, and the Calling to Task of the Financial Media
Wednesday, January 30, 2008
YAHOOOOOOOOOOOOO !!!
Yahoo,true to form,disappoints again. We also have UBS writing down about $14 billion in bad sub-prime. Wow. Foreign markets are a bit lower. All eyes on the Fed today,the market should have the bandages on hand if we only get 25bips.
I think a 25bp cut from the fed would be murder on the market. everyone is pricing in a 75% chance of a 50bp cut so anything lees could be a detriment.
I think a 25bp cut from the fed would be murder on the market. everyone is pricing in a 75% chance of a 50bp cut so anything lees could be a detriment.
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