Posted by frtaylor on 21st of Jan 2011 at 09:01 pm
wouldn't it mean that money is more dear and therefore less of
it available to buy things, including gold, oil and stocks? If so,
prices should go down. (But what do I know)
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Just heard that there is
VXX- spiking higher in the after market. Lower $SPX open on monday?
Posted by blake_20 on 21st of Jan 2011 at 07:51 pm
Just heard that there is an expectation that China is raising interest rates this weekend. Suppose to be a hefty hike.
China rate hike
Posted by rabin70 on 21st of Jan 2011 at 08:06 pm
Yes heard that on CNBC as well. If they do hike interest rate by 50 basis points then the US markets will gap down by at least 1% on monday probably.
China rate hike
Posted by mamaduck on 21st of Jan 2011 at 08:33 pm
What would it do to gold? And what about oil?
wouldn't it mean that money
Posted by frtaylor on 21st of Jan 2011 at 09:01 pm
wouldn't it mean that money is more dear and therefore less of it available to buy things, including gold, oil and stocks? If so, prices should go down. (But what do I know)