Zeev and basserdan. It seems possible (though not likely) that the Fed will/might make an effort to become less transparent and more unpredictable by boosting short term rates by .50 on Tuesday.
It seems that they must shake-up the long end of the yield curve at some point to help entice long rates higher so that Asia will continue to finance our trade imbalances.
I know that I am purely speculating, but if the Fed moves a surprise .50 on Tuesday, what do GOLD and the USD do? ... GOLD down and the USD up is my guess?
zeev, "it's always darkest before dawn"...there's another take on that, and that is: "it's always darkest before it goes completely black"
...this mkt is going to factor in the coming R imo...and i have more faith in your own abandoned 2005 scenario than you do, i think we it is all said and done, you will find that it was only delayed