Like Prince says, we are gonna party like its 1999. Futures
Started by
BigBadBear
, Oct 31 2007 06:20 AM
6 replies to this topic
#1
BigBadBear
-
- Traders-Talk User
- 1,007 posts
Member
Posted 31 October 2007 - 06:20 AM
another cut in the discount rate
#2
ogm
-
- Traders-Talk User
- 13,780 posts
Member
Posted 31 October 2007 - 06:48 AM
another cut in the discount rate
I'm not as optimistic as you ...
This isn't like the last rate cut. This one is widely expected. Even the 50 bp rate cut won't be a surprize. And setup going into the cut isn't as clear cut as last time.
I think the chance that it will be sold is pretty high.
Edited by ogm, 31 October 2007 - 06:49 AM.
#3
eminimee
-
- TT Member
- 14,307 posts
I don't care who's fur is flying...
Posted 31 October 2007 - 08:03 AM
I'll guarantee you...a 50bp cut will drop this market like a stone.
#4
Tim Johnson
-
- Traders-Talk User
- 77 posts
Member
Posted 31 October 2007 - 08:04 AM
Oh really?another cut in the discount rate
Even the 50 bp rate cut won't be a surprize.
#5
rkd80
-
- Traders-Talk User
- 2,385 posts
Member
Posted 31 October 2007 - 08:12 AM
Oh really?
another cut in the discount rate
Even the 50 bp rate cut won't be a surprize.
i agree, its based on perception. another 50bp will be a signal from the fed that our economy is in dire straits and much worse than anyone realizes.
“be right and sit tight”
#6
arbman
-
- Traders-Talk User
- 19,504 posts
Quant
Posted 31 October 2007 - 10:50 AM
The economy is OK, the rate cuts are for the reseting ARMS in the housing. If these guys can not find any loan next year, then the panic might spread very quickly. Instead, Fed is trying to support the housing, but it will most likely overheat the economy for 2008. I don't see why the stock market should collapse into a bear market before the Fed finishes its rate cutting campaign in Spring and the economy continues to slow down during that time...
This makes me bullish for the short term, unless of course, the popping credit bubble is already irreversable...
#7
SemiBizz
-
- Traders-Talk User
- 23,208 posts
Volume Dynamics Specialist
Posted 31 October 2007 - 10:55 AM
The economy is OK, the rate cuts are for the reseting ARMS in the housing. If these guys can not find any loan next year, then the panic might spread very quickly. Instead, Fed is trying to support the housing, but it will most likely overheat the economy for 2008. I don't see why the stock market should collapse into a bear market before the Fed finishes its rate cutting campaign in Spring and the economy continues to slow down during that time...
This makes me bullish for the short term, unless of course, the popping credit bubble is already irreversable...
Don't let anything like history influence you...(1/3/01 - Feds cut a full point)
http://bigcharts.mar...&mocktick=1.gif
Edited by SemiBizz, 31 October 2007 - 10:56 AM.
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
