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LOL. In total agreement. This idiot takes his cue from the stock market, if its down, he makes one of these Fed market tampering moves, trying to put a floor on the market. Artificial support for this crap market just prolongs the pain, idiots who bough the suckers' gap up are already...

Quasi nationalization of mortgage debt by the Fed now taking crap paper which is rated AAA but not worth like a AAA bond. All roads lead to the Fed pumping out more liquidity and flooding the banks with so much cash that they have no other logical choice but to lend it out, even to future...

Stimulus package is not enough, let these equity money losers exchange their crap stocks for peak 2007 values like the Fed is doing right now, taking AAA paper at face value when market to market is much much lower. Total scam.

Instead of only giving cash to the banks in exchange for their crap paper, shouldn't the Fed give money to everybody? The banks aren't the only ones suffering from liquidity problems, the consumer is toast. The consumer is left high and dry as well as the home owner and the banks get as much...

With the market oversold coming into today, I doubt that would happen, even if it tried to, PPT will save it on a symbolic day like this with Fed action.

Gold $1000 here we come. Crude $120 is a chip shot from here with this Fed. Where can I get my loan? I've got some beanie babies worth more than a lot of this junk paper the banks are stuck with which they can now unload on the Fed for cash. What a steal.

Fed will be taking beanie babies as collateral for cash soon. The hyperinflation of America continues....

News was leaked.. As always. No wonder the futures were up ahead of the news. Wall Street is a total scam.

Fed raining money down on Wall Street again!! Free money!

Eliot just got more respect from me, the guy was pimpin in the Governor's mansion and was looking for no strings attached lovin'. He busts the bad guys, catches thieves, and also gets some bootie on the side. What's wrong with that? LMAO

Boone just tried to get a little too cute with the oil move, he predicted it to dip before blasting higher in the summer. He tried to get greedy by catching every little move in oil even though he was long term bullish and he's paying the price. Don't fight King Oil. Better than anything on...

Oil is raging and the most bullish market in the whole universe right now, and Boone Pickens shorted at $99/100. He must be feeling the squeeze here. My goodness, oil at $107.60, yes, inflation is well anchored. I believe you Uncle Ben. Go back to cooking rice.

What's new? That's how Wall Street works. You don't think August 16th rally ahead of the Fed emergency discount rate cut on Friday wasn't telegraphed? In fact, that's probably why we saw such weak action near the close yesterday, people with money knew.

Losing 65k jobs is not an extreme number when you look at the expectations. I think the low for the day will be in the first 30 minutes of trading. Classic gap down and panick out weak longs and take em back higher to fill the gap.

Haven't seen such a panicky Fe since Greenspan! LOL. They must be getting advice from Cramer. Looks like they want to take rates to zero. You gotta pay to save with this Fed!

Any toxic CDOs and mortages are good for Treasuries, come get your Treasuries!!

Looking at price action, looks like people are leaning towards a bad jobs report, and there will probably short covering with whatever number comes out short of a disaster. Watch for the short squeeze at 8:30 et on a jobs report which comes in within expectations.

The jobs report is always revised and error in the number is huge. Unless you get an apocalytic number or a huge boost in jobs, the report is meaningless. The trend is down. We had the upside breakout fakeout last week and now we resume the downtrend. The next bump in the road is S&P...

Let's just take interest rates to zero and let everyone borrow without having to pay interest. It will make those mortgage payments so much simpler when you just pay down the principal and don't have to worry about interest payments! Savers can go buy crude oil, gold and wheat to hedge as...

I was actually waiting for the whole space to pull back, not go long the weakest one among a strong bunch. I never like to buy the weakest of a strong group.