News Focus
News Focus
icon url

Ace Hanlon

05/20/03 3:34 PM

#109464 RE: ajtj99 #109232

Looks like I was wrong about a bond top. Another big rally today.. That probably is why stocks are down just modestly.

Market seems to be expecting a cut in the funds rate from 1.25% to .75% soon. That would bring US short rates down to Japan levels.