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Sweet. Not as bad as converting poor Africans in AIDS-stricken nations and then admonishing them not to wear condoms. Cuz, y'know, the Pope - he still does that.

ah, there it is, the "crash thread".

I agree. PPL need to realize though that the Fed is the central bank to the world. If the fed cuts, so do all the pegs, which means Hong Kong, Gulf states, China, Latin countries, etc.

His decision to not cut rates, and instead release a PR item that's incomprehensible to the average person with a 401k account was a huge error. Yes, rate cuts won't accomplish anything in the long term, butt we likely wouldn't have seen this sort of volatility were it not for the absence of...

wow, you're such an economic genius. who cares if they won't do anything? they're going to happen today. it's such a high probability event. and if they happen, the likelihood of a rally his high.

damn. it could happen. bernanke needs to cut 75 now. he will solidify his position as one of history's great economic jackasses if he does not.

dr. steph just tore you up. you got served! (and he didn't even mention YOY casino profits).

I think the probability of a surprise rate cut is VERY high. - World markets closed up on Friday, the US closed down. We'll likely some Monday selling - Stocks fell on the news of the bill passing the house. - The Fed Funds daily effective rate is a whopping full 1% below the Target...

euro gaps down to 1.3665 as the FX markets open. wash, rinse, repeat. bad for equities and commodities, too!

no black monday thread, lol. just ppl talking about aapl and pot. amateurs.

roubini was way off in the timing of his call. he kept calling for an immediate crash many moons before even a quiver was felt from the credit markets.

still no crash threads. ppl are complacent.

awfully quiet around here when it comes to that subject.

and the mkts started falling.

watching electronic now. looks like it's gonna pass.

now going to electronic vote

nope.

and if no cut on bad numbers, berspanke is an orangutang.

i agree. a number like that is likely. if so, it's "surprise" rate cut time.

i want to clarify the statement. the bear market is over for this economic cycle. unemployment will peak at 7. recession will subside, a new bull has already started and will be realized a year later. 4 or 5 years after that, things will start to get ugly again.