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Post# of 42555
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Re: Nettles post# 25066

Tuesday, 10/28/2008 5:19:30 PM

Tuesday, October 28, 2008 5:19:30 PM

Post# of 42555
yeah....they should simply leave'em & not bow to all the Wall St pressure....& if today's move wasn't the baking in of that action I'm not quite sure what else? On the short covering theory....hmmm, not so sure?...I'm thinken much of that has already occured...after all, I dont think the shorts collectively were all waiten for the last few mins of trading today ta cover. I'm guess'n it could be more so attributed to the belief that we'll be seein a cut this week & that it's now bein baked in. Ya really think if they lower rates that the mrt will go higher still? I wouldn't be surprised that after today, when/if we do get the cut, the mrkt may rally lightly just post cut & then sell off into the close. & quite frankly, I am of the belief that rates should actually be raised by a 1/4....or simply just left alone.

BWTFDIK?










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