Funnymentalists are funny
#1
Posted 29 November 2007 - 09:03 PM
#2
Posted 29 November 2007 - 09:14 PM
Edited by SemiBizz, 29 November 2007 - 09:17 PM.
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#3
Posted 29 November 2007 - 09:20 PM
Gawd, isn't it more than obvious other than when they deliberately lowered and raised by a 1/4 pt per meeting they have never had control. We're not in that scenario. Other than that, Rick Santelli and his friends make the policy...
Think of the Fed as "Cirque de Soleil" otherwise just a bunch of theatrical clowns...
Gotcha. Then Fed is not to be blamed for any of the bubbles that has so far been created. Is that correct ?
Edited by NAV, 29 November 2007 - 09:21 PM.
#4
Posted 29 November 2007 - 09:41 PM
Edited by ogm, 29 November 2007 - 09:50 PM.
#5
Posted 29 November 2007 - 09:49 PM
#6
Posted 29 November 2007 - 09:53 PM
Edited by SemiBizz, 29 November 2007 - 09:53 PM.
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#7
Posted 29 November 2007 - 09:53 PM
NAV,
Its the business cycle. Fed simply follows it and doesn't lead.
They started cutting when the cycle was on decline last time in 2001, cut too low just when the new cycle was born which helped fuel it, and now cuttingf again as the cycle turns down.
Fed can't change the business cycle. Will they cut now or not, doesn't matter. The cycle turned down. Corporate profits turned down. Market is turning down.
Trees don't grow to the sky and economy is cyclical. All you need to know.
Exactly my point dude. It's the CROWD and it's greed and fear which causes stock market rallies and declines. It's the CROWD's fear and greed, which causes economic booms and contractions. It's the CROWD's fear and greed, which moves the Fed policy. So Fed is just a facilitator. Don't blame the FED for anything. Blame the greedy folks for any bubbles. It's the greedy lenders lending and the greedy borrowers buying homes on 10% margin or zero-down or whatever that created the real estate bubble. So FED is irrelevant as far as the market action is concerned. Yet there is so much of focus on FED in all stock market discussions. That's the only conclusion i can arrive at.
I agree with you whether they cut here or not doesn't matter. The market is headed higher after this correction (if it's not over yet).
#8
Posted 29 November 2007 - 09:57 PM
I agree with you whether they cut here or not doesn't matter. The market is headed higher after this correction (if it's not over yet).
Well, I'm kind of have the opposite opinion The market is headed lower if they cut or not.
Conditions of the business cycle got worse, like Bernanke and Kohn said. Another 25-50 bp will just cushion the blow.... MAYBE. But they won't change the business cycle.
Corporate profits WILL turn down next year. They already are turning down. 5 retailers warned today. 5 retailers today alone. 25 bp won't bring the customers to the stores.
#9
Posted 29 November 2007 - 10:04 PM
I basically blame everything on Jimmy Carter...even today
During Jimmy's time those who had savings were very happy with 12-15% money market return without dealing with volatility of stock market!!
#10
Posted 29 November 2007 - 10:08 PM
I basically blame everything on Jimmy Carter...even today
During Jimmy's time those who had savings were very happy with 12-15% money market return without dealing with volatility of stock market!!
ya but inflation was 20%!!!!