Please note that this liquidity added by Fed is the same thing as giving
additional credit to a person who is already in debt upto his eyeballs.
It is NOT free money given out to banks or individuals. It has to be paid
back.
Yes, more credit will loosen the noose, but unless the person changes spending &
borrowing habits, he will eventually choke.
So, yes the market should bounce here. It is not at all clear if the credit bubble
has been fully deflated yet. IMHO it is going to get a lot worse before it gets better.
All depends on your time span.
that third REPO should cause fear this time and the mkt will sell off right here at es 1453!
Started by
atlasshrugged
, Aug 10 2007 12:45 PM
10 replies to this topic
#11
pdx5
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- Traders-Talk User
- 9,529 posts
I want return OF my money more than return ON my money
Posted 10 August 2007 - 02:55 PM
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
