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Originally Posted by Jac144
Yes have to agree gentlemen, cant believe ppl are licking their chops buying the dips at these levels. Must be momentum funds, CTA accounts. The ones that wait for confirmation, when the Bears decide to take their stand those initiating right now are gonna get creamed.
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Well there has been talk of some speculators taking the bid side ahead of next week's data, although the schedule is running pretty thin. Overriding theme right now is the underlying bet that rates may be increased b 50 basis points. I wouldn't be surprised if positions were pared back shortly after the decision in two weeks. Although futures are still pricing in the likelihood of a rate hike after the upcoming May meeting, the actuality may not be realized till well into the third quarter.