Wednesday, October 29, 2008

YEP, THIS PRETTY MUCH SUMS IT UP


WHAT GOES UP MUST COME DOWN from ABOVE on Vimeo.
Posted by John C. Lee at 10/29/2008 02:29:00 AM
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2 comments:

Anonymous said...

Hi WSS player here, you're right not out of woods yet GDP repot friday = stock market will ??

October 29, 2008 at 2:47 AM
John C. Lee said...

Glad to have you here.

Before GDP, we have the FOMC meeting today 2:15PM. This is probably one of the most trickiest cuts for the Fed. They can't under deliver but they also can't over deliver. We only have 150 basis points left before 0. GDP is going to suck, I think people reached that consensus already but we'll see Thursday's action if it's at least partially priced in.

October 29, 2008 at 3:01 AM

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