Here is what caused all the drama on Friday.
Posted by: dexprs
In reply to: Dimension who wrote msg# 30161 Date: 2/9/2007 1:31:19 PM
Post #
Perhaps: "William Poole, president of the Federal Reserve Bank of St. Louis, estimated that growth in U.S. gross domestic product this year will run at about a 3% clip. Poole also said he hopes core inflation will settle below 2%..
Poole's remarks left investors unsettled, sending Treasurys lower and likely placing limits on the stock market's potential gains, according to Charles Campbell, senior trader at Miller Tabak.
"His remarks may put a lid on how high we can go," Campbell said.
At midday, Cleveland Fed chief Sandra Pianalto and Dallas Fed chief Richard Fisher also are scheduled to make speeches about the outlook for the economy."
CALL or PUT at your own risk. I offer opinions and nothing else. Good luck.
