imho, the only thing that would be negative is a 0.5 cut and a 0.25 rate hike.
0.25 is already factored in. Keeping rates steady would be bullish I reckon (maybe not day 1 and 2) as it would follows a bullish speech.
Whatever Benny says is more important than what he does.
A lot of the subprime losses have already happened. The credit markets are in cleansing mode and do not need a rate cut, imho. The worst is over. That money is already gone and losses have been factored into relevant shareprices.
dow to drop more than 200 points, page-43
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$62.83 |
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