I THOUGHT HE'D GO FOR 100 BP BUT I SUPPOSE THE STREET CAN STILL RALLY WILDLY ON 50...
OF COURSE THERE IS A POSSIBILITY THAT THE STREET WILL VIEW ANY CUT AS "PROOF" THAT BERNANKE "KNOWS SOMETHING" WE DON'T KNOW ABOUT THE ECONOMY....AND THINGS ARE GOING TO GET MUCH WORSE... THIS COULD CAUSE A SHARP SELL OFF RIGHT AFTER THE FED MEETING...
ANY CUT WILL HAVE TO BE JUSTIFIED IN THE FED STATEMENT...AND THAT WILL REQUIRE AT LEAST SOME COMMENT ON "WEAK CONDITION" IN BANKING AND SUBPRIME...
