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chainik

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chainik

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Re: Justa Werkenstiff post# 816

Wednesday, 04/11/2007 11:00:39 PM

Wednesday, April 11, 2007 11:00:39 PM

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No more talk about rate cuts; futures are pricing just one very late this year (Nov-Dec).

The ramp immediately after the Fed meeting started from SPX 1410 and was "justified" by imminent cuts coming soon; since none are in sight, it would seem logical to return back to 1410 :)
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