6 replies to this topic

[ogm]

We're discounting a recession today. We've been discounting stuff and discounting and discounting.... and we're yet to see any real effect on economy and corporate profits. Fear, concerns and speculation about how bad this will get are raging unabated. Sell the rumor ?

Edited by ogm, 07 September 2007 - 10:37 AM.

[atlasshrugged]

We're discounting a recession today.

We've been discounting stuff and discounting and discounting.... and we're yet to see any real effect on economy and corporate profits.

Fear, concerns and speculation about how bad this will get are raging unabated.

Sell the rumor ?

I say they cut 200 basis points!!!

[SandStorm]

We're discounting a recession today.

We've been discounting stuff and discounting and discounting.... and we're yet to see any real effect on economy and corporate profits.

Fear, concerns and speculation about how bad this will get are raging unabated.

Sell the rumor ?

Excuse me but when was the last time you saw a recession with stocks down mere 5, 6% from the high?

[ogm]

We're discounting a recession today.

We've been discounting stuff and discounting and discounting.... and we're yet to see any real effect on economy and corporate profits.

Fear, concerns and speculation about how bad this will get are raging unabated.

Sell the rumor ?

Excuse me but when was the last time you saw a recession with stocks down mere 5, 6% from the high?

OMG !, are we really only 5% off the highs ? Seems like we're in the middle of the global crisis of epic proportions !

[Pabst]

Fed Funds are pricing in 100bp by the end of Feb. I don't think the bulls see the forest through the trees. If the market is pricing in 100bp in cuts then the weakness in stocks is clearly attributable to reasons other than rates or liquidity. Other than traders who play both sides and by nature MUST be willing to make the contrary "wise guy" trade, there's been a dearth of buyers for weeks. Short covering doesn't make for a perma rally. Clearly not only are investors on strike but longer time frame participants are pulling chips off the table.

[JAP]

I'd say that 50 basis points in already priced in. Imagine what will happen if they don't cut?

[thespookyone]

"and we're yet to see any real effect on economy and corporate profits." Well, if you consider job loss instead of gain (which has not happened in 4 years) no real effect-I guess you are right. As far as corporate profits dropping, have patience-the next batch of earnings won't be pretty, imho. Corporte profits grew slower last quarter than they have in years as well=plenty of roses around-go ahead and give them a smell.