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Joseph Silent

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Joseph Silent

Re: None

Tuesday, 01/29/2008 4:46:40 PM

Tuesday, January 29, 2008 4:46:40 PM

Post# of 148479
Question: Did anyone here

catch the argument that Steve L was making on CNBC (in discussion) with Rick S at market close today? He was giving a technical explanation for why the Fed should cut by 50 bp tomorrow .... something to do with rates on the bond market. It was fast and it all went over my head, but it seemed very interesting. If anyone here caught it or knows, can you please explain? In return I'll arrange for the proverbial virgins and unlimited cheese (or unlimited virgins and proverbial cheese, whichever you prefer) in your next life.

Thanks,

/J :)
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