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This rally today is not so large but medium is really perhaps a sucker / suka rally in this way ...
IF GREENSPAN does not DO WHAT THE MARKET WANTS and give a larger rate cut the market will go down BIG TIME way down AGAIN
so it is a HIGH RISK situation ...
and the Euro Bank has not helped at all by doing nothing
and the Nippon Bank in a panic is doing nothing but promising to relinflate the yen hugely to wash away the huge bad debts with massive devaluations
and so too it is a double edged sword as if the Fed Res makes too large a rate cut that TOO will indicate a PANIC ...
please stay closely tuned for TOMORROW's ACTUAL US FED RATE CUT ... and remember that in the recession of 1990-91 Greenspan stood fgirm and didnt DO ANYTHING LIKE for 18 months giving no rate cuts....
so what he does is not a dead certain thing....
and will the NIPPONS sell sell sell their $350 billion of us debt / notes / bonds to gain cash ... and so run up interest rates HIGHER ANYWAY no matter what the Fed Res rate cut is ?????
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