From Market Watch:
Bank of England issues stunning 1.5 percentage point rate cut
BOE Slashes Rates
Started by
OEXCHAOS
, Nov 06 2008 07:32 AM
4 replies to this topic
#1
OEXCHAOS
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Mark S. Young
Posted 06 November 2008 - 07:32 AM
Mark S Young
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#2
OEXCHAOS
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Mark S. Young
Posted 06 November 2008 - 07:33 AM
BOE has been way behind the curve for 18 months, in my view.
This is interesting and probably pretty positive.
Mark
Mark S Young
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#3
hiker
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Posted 06 November 2008 - 08:01 AM
so far in the overnight ES and this a.m., every brief rally is being sold hard.
"pretty positive" is going to materialize later?
#4
OEXCHAOS
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Mark S. Young
Posted 06 November 2008 - 08:54 AM
Should materialize today or tomorrow, hiker.
Where are folks going to put their money?
Mark
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#5
hiker
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Posted 06 November 2008 - 09:08 AM
I keep telling folks (investor types) I know since Aug last year, +4% CD's beats losing.
those folks I know that locked in single-premium deferred annuity rates in the teens some years ago have sat through all this up and down nicely. (my mother for one)
you read Stan Harley's work on the 20+ year cycle in the Dow that helped caution the end of the uptrend was near last year? and to sit out the equity market for the next few years?
Edited by hiker, 06 November 2008 - 09:11 AM.
