If its being baked in, I would anticipate a bounce off the March lows for the major indexes and then some sideways action for several months while the subprime stuff works its way out. We're only about three percent above the lows now, which I think we'll hit prior to fed meeting. If that level doesn't hold, its gonna be....
Just a pure laymen's guess though, but hey, even the pros are right only 50 percent of the time at best.
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