I strongly believe that the charts often speak themselves, you
just need to look at them from the right angle and at the right moment
- JB90

	Market commentary by JB90	aka JapanBear90 on the Bear Forum
03/16/2001	Market expectations are too high ...
	As we can see market participants are too much optimistic about Mr. Greenspan cutting the interest rates. The current Federal Funds Futures ( ticker FFJ1) is pricing in a 100% chance of 50bp cut and 72% probability of even more aggressive cut of 75bp We think we'll have 50 bp reduction and the market will be sold off again ... Good luck, JB90                                                                         Subscribe to our newsletter
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