Waiting on the Fed (and BOB)

Monday was the quietest volume in weeks for the Cubes (NASDAQ: QQQQ) and major stock market indexes, which are all holding their breath for Wednesday’s Fed news, which is expected to bring perhaps the final 1/4-point Fed Funds rate hike. The potentially market-moving part of the show will, of course, be the reading of the minutes and subsequent market reaction (dollar, equity, fixed income).

Some of the slogans going around Wall Street right now are…

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Poker, Hookers and Spooks

The point here is that there are some dots here that are going to be connected in the future, say after the fall elections:

From the May 6th NYT:

May 6, 2006
Op-Ed Columnist
Poker, Hookers and Spooks
By MAUREEN DOWD

So much news was popping out all over Washington yesterday, it was hard to decide which way to look.

I felt I had no choice but to go with Dusty Foggo, Top Spook.