This gave me a good chuckle this morning -
http://www.marketwat.....84416C896780}
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U.S. stocks off again amid Fed-induced anxietyBy
Kate Gibson, MarketWatchLast Update: 10:37 AM ET Aug 21, 2007NEW YORK (MarketWatch) - U.S. stocks turned lower Tuesday as awaited the outcome of a meeting between Federal Reserve Chairman Ben Bernanke, Secretary Treasury Henry Paulson and Christopher Dodd, the head of the Senate Banking Committee.
Earlier talk that the meeting might lead to a hoped-for rate cut faded ahead of the opening bell, said Peter Cardillo, chief market economist at Avalon Partners. "The markets are anxious to
hear from the group of three - the trinity - that are going to meet today," Cardillo said of the gathering between Bernanke, Paulson and Dodd, a Democrat from Connecticut. The Dow Jones Industrial Average
Poised to open higher, U.S. stocks opened lower in the immediate aftermath of televised comments by Paulson,
who told CNBC that the economy remains strong, but conceded that "what's going on in capital markets will take a penalty."
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What a hoot, " hoped for a rate cut"..from the now supernatural 'trinity'..great we need one a week now? no moral hazard here then....move along..nothing to see
...and "before the opening bell" no less! ....yes we can't have the masses getting in on it.
....but thank goodness "the economy remains strong"
Mark.
Edited by entropy, 21 August 2007 - 10:04 AM.
Question everything, especially what you believe you know. The foundation of science is questioning the data, not trusting the data.
I only trust fully falsified, non vested interest 'data', which is extremely rare in our world of paid framing narratives 'psy ops'.
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