GREY:GRFJF - Post by User
Comment by
stocksnbondson Jan 22, 2008 11:28am
240 Views
Post# 14242120
RE: What to do?ShortUSA
RE: What to do?ShortUSAYOu were bang on with the pricing in of the 50 basis point drop. The fed amazingly went further to a .75 drop which few if any expected. In my last post, I replied to another poster who had sold out. I tried to remind him/her that the rates will be dropping and sure enough they did go down .75% rather than the .50 which most expected.
Don't be surprised though if the price falls a bit still from these levels. MAny institutions and retail investors require money to pay off debts and other investments. People/institutions are maxed out on debt. Money will still be taken out of WGI IMO.
Good luck all