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EScroogeJr (< 20)

Should go up tomorrow



May 21, 2008 – Comments (2)

The new information market participants are expecting today is the  minutes from the Fed, which, as Yahoo Finance puts it, "should provide more insight into whether policymakers regard rising energy prices as a serious threat". Since policymakers don't regard rising energy prices as a serious threat, or, anyway, would never admit it if they did, it is clear that the minutes can only provide the feel-good news that the market is looking for. Which means we're going up tomorrow or maybe even today after the news release.

2 Comments – Post Your Own

#1) On May 21, 2008 at 2:51 PM, EScroogeJr (< 20) wrote:

Ouch! The Fed officials said what they really thought.

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#2) On May 21, 2008 at 8:08 PM, abitare (29.85) wrote:

Good times Escrooge....

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