No signs of rate cut thursday?

if no signs of cut tomorrow then...

http://stockcharts.c...4926&r=8540.png

OK well if ben doesn't insdicate a cut...(they have to suggest one though)...but if there is no sign, then the decline around 1:15 pm will still hold. look for at least a 25 bp cut, which will annoy the market, and put us down right around 1:15. if that does happen, the august lows will be in tomorrow. fact. OK, thanks for the input.
-TA

Desperation and hopes on the rate cut are astounding. And after all the rate cuts and auctions and everything else the Fed already did. the DOW broke August lows. Even at today's lows, 50 bp rate cut this month was priced in like a sure thing. And yet here we are. Because none of these rate cuts matter. Credit is contracting. And there is nothing Fed can do about it. We are heading into Japaneese style deflation with tonns of suspect debt on Banks books, falling real estate prices , tapped out consumer and falling interest rates. So forget all these rate cuts. Selling all these "hope" rallies is the best game in town. And will be for a while. Europe slowing. Asia slowing. The rest will follow. Baltic Dry index is collapsing, indicating that commodities will take a dive soon too.

Edited by ogm, 09 January 2008 - 11:05 PM.

Desperation and hopes on the rate cut are astounding.

And after all the rate cuts and auctions and everything else the Fed already did. the DOW broke August lows. Even at today's lows, 50 bp rate cut this month was priced in like a sure thing. And yet here we are.

Because none of these rate cuts matter. Credit is contracting. And there is nothing Fed can do about it.

We are heading into Japaneese style deflation with tonns of suspect debt on Banks books, falling real estate prices , tapped out consumer and falling interest rates.

So forget all these rate cuts. Selling all these "hope" rallies is the best game in town. And will be for a while.

Europe slowing. Asia slowing. The rest will follow. Baltic Dry index is collapsing, indicating that commodities will take a dive soon too.

I couldn't agree more....