It is not the Feds place to rescue the stock market-and I doubt they seek to. I also agree that an emergency rate cut here would do nothing but show a panicked Fed-sending this market spinning down. They have provided plenty of liquidity, which is their proper place in the food chain. If Bernanke is truly up to this serious task, any cuts he makes will start at the next meeting.
Kudlow pounding the table -" THE FED HAS TO STOP MESSING AROUND N CUT RATES"
Started by
BigBadBear
, Aug 28 2007 03:14 PM
11 replies to this topic
#11
Posted 28 August 2007 - 10:32 PM
#12
Posted 29 August 2007 - 09:44 AM
You guys!
There's NOTHING more bullish than a panicked Fed. NOTHING.
The liquidity will flow. Where will it go? Illiquid Sub prime?
Or stocks?
The market will rally huge whether the Fed wants it to or not. Simple supply and demand. Big money knows it. Don't step out in front of it when it turns.
I speak from experience. Owie.
Mark
Mark S Young
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