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Broadcom Corporation Message Board

  • ibexx ibexx Jun 26, 2006 9:03 PM Flag

    Market behaved well today,SP held above

    the critical level of 1247 (rf. Barrons this week) and volatility indices VIX/VXO finally came down after 3 days of hovering and rising.

    WS has probably decided that there wouldn't be arecession even though Ben & boys might hike the rates a couple more times before easing.

    Even if the FED overshoots, they could come back down very readily -- usually within a few month. The average length of time between the last "raising" and first "easing" is reportedly 5 1/2 months.

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    • The only problem is that crude oil is killing us right now... The only way I see the price coming down anytime soon would be
      1) Iran accepts agreement (never gonna happen) Those bastards are probably short everything and would love to see us in a recession.
      2) No Hurricanes this season in the Gulf coast region..

      Unfortunately the only way I see oil prices coming down is for the Fed to overshoot... Sucks but I don't see any other way.

      All opinions welcome.... except for sing's.

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