on a bad number is the fed gonna cut again tomorrow? its becoming a joke now...almost all financials are way below where they were when the fed did its first cut. GS is the sole member left of the PPT! The remaining previous members are all in deep caca! But I will be buying them soon as they panic wash out.
another cut coming?
Started by
tommyt
, Nov 01 2007 03:05 PM
3 replies to this topic
#2
nicolasillo
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Posted 01 November 2007 - 03:07 PM
on a bad number is the fed gonna cut again tomorrow? its becoming a joke now...almost all financials are way below where they were when the fed did its first cut. GS is the sole member left of the PPT! The remaining previous members are all in deep caca! But I will be buying them soon as they panic wash out.
that s because Paulson was one of them and still is! That s why GS is where it is
#3
pdx5
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I want return OF my money more than return ON my money
Posted 01 November 2007 - 05:40 PM
Cuts kept coming like clockwork after 911, and the market kept
dropping like a veiled woman following her husband. So why is
it different this time?
Is there a better admission of a weakened economy than Fed
cuting rates like clockwork? And if true, since when is a weakened
economy getting weaker great for stock advance? The US economy
is like a giant ship. It does not turn on a dime. Eventually it will turn
around but that could take 3-6 quarters. Unless I see clear evidence
that economy is showing signs of bottoming out, I am favoring mostly
flat with longs sprinkled in.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#4
JAP
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Posted 01 November 2007 - 05:57 PM
on a bad number is the fed gonna cut again tomorrow? its becoming a joke now...almost all financials are way below where they were when the fed did its first cut. GS is the sole member left of the PPT! The remaining previous members are all in deep caca! But I will be buying them soon as they panic wash out.
that s because Paulson was one of them and still is! That s why GS is where it is
CNBC would have you believe that, because that's the only card they have left to play. Financials are in trouble, earnings suck and there is nothing else left to hype or drive the market.
Bogus jobs number comes out tomorrow. They'll try to rally off of it, but it's not going to help that much.
Face it poeple, it's time... this market is finally going to capitulate and longs are going to be begging for mercy.
