Offline Most of Tomorrow

Just a note - I will be offline most of the day tomorrow - hopefully back by the fireworks @ 2:15 PM. For some reason I thought the decision from Mount Olympus would come Wed, not tomorrow.

Looking at our results in the poll, with 87 votes
dead heat with 25 fed funds/50 discount and 25 fed funds/25 discount; both @ 32%
Right behind is my pick 50 fed funds/50 discount @ 26% (without which I believe the market will whine and cry, and actually go down)

I still hold out the belief that 'shock and awe' 50 basis/75 discount is on the table - 5% agree (I think the market would rally hard on this outcome)

Bringing up the rear are 3 lonely voices - 2 of which are heartless souls believing no soup for you should happen, 0% cuts (which would drop the market 500 pts), and 1 brave soldier who is calling for interest rate hikes (I have this bridge...). If this happens we might lose 2000 pts on the Dow tomorrow. ;) Probably that was Paul Volcker logging in to read my blog

Remember it's Christmas season and Ben would not be that heartless - its a time of giving (and giving, and giving, and giving) and devaluing your hard earned dollars...