Quote:
Originally Posted by labj
Not sure about the 1.3361 area but I have no doubts that it will retrace a good bit of the damage from friday, I will start buying some back on Sunday/Monday
I am not convinvced that the rate hikes are over here in the States, I seriously doubt there will be a rate cut early next year like the stock market is counting on
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I also disagree with any rate cut especially when Fed speakers are all confident about it and say it clearly --no rate cut--
I do not know where is the market looking though
It must be the data. and Market assumes data will force Fed to cut rates even if it is not their actual plan.
I think U.S. jobs are at strong level and housing didn't affect the general economy.
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