The Fed said we would like to cut rates to support the economy but we cant. Sorry.
Those that buy this news gonna regret it.
The Fed Statement and reaction to it
Started by
zedor
, May 09 2007 01:50 PM
4 replies to this topic
#2
NAV
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Posted 09 May 2007 - 01:55 PM
The Fed said we would like to cut rates to support the economy but we cant. Sorry.
Those that buy this news gonna regret it.
I think it's a sea change in sentiment when mega bears like you start talking about corrections instead of bear markets !
#3
zedor
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Posted 09 May 2007 - 01:58 PM
Just trying to say what the next move and amplitude should be but I have been very patient and bidding my time during the rally. Unlike some bears (not here) who have been saying crash crash every darn day. While the market wont crash every day this too shall pass ie the mindless up up up.The Fed said we would like to cut rates to support the economy but we cant. Sorry.
Those that buy this news gonna regret it.
I think it's a sea change in sentiment when mega bears like you start talking about corrections instead of bear markets !
#4
Data
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Posted 09 May 2007 - 02:00 PM
They've cut rates by buying in treasuries.
#5
TradeMark
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Posted 09 May 2007 - 03:09 PM
What the FOMC said is:
"If we do anything, it will be to raise rates, but we certainly aren't going to lower rates".
The question is: now do you know any more about whether to buy or sell? If so, more power to you.
TM
