Like Prince says, we are gonna party like its 1999. Futures
#1
Posted 31 October 2007 - 06:20 AM
#2
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
Posted 31 October 2007 - 08:03 AM
#4
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
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.
#6
Posted 31 October 2007 - 10:50 AM
#7
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.
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