Libor, Not Fed Funds.. Is what matters...

The fed will cut the Fund rate.. 50 bps. Aug 18. The market will rally to 13,500~ (another shorting opp.?) and the reality of the recession will start to unfold @ Christmas.

click the image to read the article......

Posted by OscarNOW on 9:38 PM. Filed under Funds, libor, markets, stability . You can follow any responses to this entry through the RSS 2.0