Intraday Market Thoughts       
                            
                                
Archived IMT (2010.02.04)
        
               
        by  
        
    
    
            Feb 4, 2010 20:46
        
    Ashrafs interview on April 2007 http://bit.ly/bar5xc telling an astonished Becky Quick (CNBC) that expected the Fed to begin cutting rates as early as June 2007. At the time (in April 07), about 50% of the market expected the Fed to RAISE rates or do nothing that year. The Fed ended up CUTTING rates in August 2007. And the interview tells it all.
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