Edited by Jnavin, 10 January 2008 - 12:52 PM.
Rate cut guarantee
Started by
Jnavin
, Jan 10 2008 12:50 PM
4 replies to this topic
#1
Jnavin
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Posted 10 January 2008 - 12:50 PM
That's odd. Lots of sellers above SPX 1414...overcoming even a quasi-rate cut announcement.
Or, the market wants to wait to see if what Ben means by "substantial" is really substantial or just Bernanke-talk.
#2
redfoliage2
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Posted 10 January 2008 - 12:54 PM
Ben's fault again: he forgot to specify how much he will cut.That's odd. Lots of sellers above SPX 1414...overcoming even a quasi-rate cut announcement.
Or, the market wants to wait to see if what Ben means by "substantial" is really substantial or just Bernanke-talk.
#3
Jnavin
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Posted 10 January 2008 - 12:58 PM
Market now digesting it like old tofu. Lotsa protein, maybe it'll work.
#4
beta
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lasergirl
Posted 10 January 2008 - 01:11 PM
Gold complex likes the Fed statement.
$HUI, GLD, SLV all hitting new multi-year highs.
Thank you, Mr. Bernanke !!
"Daytrading -- An Extreme Sport !"
#5
pedro
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Posted 10 January 2008 - 01:45 PM
Bonds not yawning.
They're saying we will make you pay .. for a change.
