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What you're saying is what's ridiculous. 400bp higher? It's of course correct for the Fed to address inflation but chopping equity prices in half and stomping the economy into the dirt until we're practically back to a barter economy, which is what your prescription would do, is no solution.

I agree with about 90% of what you're saying but, I'm thinking if the market hadn't already been weak as a kitten, SocGen and whoever else was selling wouldn't have have been able to kick the Dow futures down by 620 points by Tuesday morning. I agree, though, it certainly complicates things for...

The main reason I think the Fed will cut by .25 is because that will disappoint, confuse and piss off the maximum number of people - and that's what this Fed is good at. I hope they prove me wrong.

Has anyone ever seen stock_turder and Jerome Kerviel in the same place? :p

That sounds about right, LOL. Hey, if the Dow is up 200 points on Monday they may hike a 1/4 on Tuesday. :p :D

Everybody and their brother is saying that but with the S&P500 off 20% the Russell 2k off 25% how in the hell is the Fed supposedly jumping only because of weekend selling by SocGen? That doesn't add up in my opinion.

No rate cut and the bears will get the crash they've been looking for. And Bernanke is just goofy enough to do it. .25 bp is more likely. That fits with the Bernanke Fed's confused, timid, I-wanna-please-everyone style.

The S&P500's drops 20% from its recent high, the Russell 2k is 25% of its high and, at the end of this death spiral, the selloff and rate cut are the fault of over-the-weekend selling by SocGen?!?!? Can we think back farther than 3 or 4 days?

True enough, but if the banks want to continue to participate in a system that they pooped all over by securitizing and selling total garbage they need to step up. It's not all about multi-million dollar bonuses and stock options. They've got more responsiblity than the average widget maker.

So a one day rally in stocks that are down about 90% off their highs is going to end all progress on the bond insurance problem? I don't think so. I think the statement by Dinallo is pretty clear and the article from CNBC is of a more speculative nature. This isn't a problem that can be...

That's nowhere near a statement of "bailing." They're simply saying they're not going to have a plan gift wrapped for the market in the next five minutes.

I think you're giving the stimulus package more credit than it deserves. The market knows it's pretty much a bunch of bullshit and that Fed policy and the AMBAC/MBIA bailout plan are the really important issues right at the moment. Our fearless leader is doing a press conference on the...

It's our job as traders (and I use the term loosely) to make the markets work for us. It is NOT our job as traders to blame someone else for our inability to take money out of the market or to piss and moan because the market doesn't conform to our naive idea of how things are supposed to work...

I don't know, Papa, you might be jumping the gun a bit. A lot depends on your trading time frame, of course. After a 70 point rally off the S&P's low yesterday I don't think it's surprising for the market to catch its breath here. I've still got a small long position that I'll probably hold...

This site's changing its name to "Database Error".

Du-u-u-de...Check out the daily chart on the Dow Jones Utility Index....The Mother of All Pipe Bottoms.

It's like ancient peoples and an eclipse of the sun. They don't understand what's going on so they default to "it's the boogie man!...aghhh...lookout!"

:D Ain't that the truth.

Yep, prepare for some major levitation over the next few days and more. As close to a written invitation to make money as you're going to get.

LOL