THIS WAS A CLASSIC SUCKER TRAP SET UP BY THE MARKET MASTERS...
YES, THERE WAS TALK OF A 50 BP CUT...BUT NO DEMAND FOR IT...
THIS WAS SIMPLY A RUN UP OF STOCKS TO OVER BOUGHT CONDITIONS...FOLLOWED BY A CLASSIC PLUNGE....WE'VE SEEN THIS ALL YEAR IN THIS RANGE BOUND MARKET...
THE ODD THING WAS THAT IT WAS SO PRECIPITOUS...CLEARLY THE MARKET MASTERS AND MONEY RUNNERS HAD THIS ONE PLANNED IN ADVANCE...
AND OF COURSE....THE "SELL THE NEWS" SCENIARIO WAS DISCUSSED HERE...IN THE RUN UP TO THE MEETING...
