Good morning Reid. Thanks for all the help in the past on reading the slopes of the market. I just wish that there was a way to know when a clif is just around the corner. I watch as SAWS went over one today. I am a little worried about the what the market's reaction to the rate cut next week will be. I believe it is clear that the market has already priced in a .50 cut. I thinking that the talking heads predicitions that the .50 cut is what the NASDAQ needs to break 3,000 is premature. I believe it will take at least two more rate cut before the NASDAQ takes out 3,000. However, I would love for the NASDAQ to close above 2700 today! My greatest fear is if the Feds only cut .25 next week.
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