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Are you sure? I know someone who is not a lawyer, yet he is the biggest shareholder of his law firm in nyc

I wish NYC is on the list.

*Average* have to come down, they can cut everyone but for sure, the executives will get their bonuses.

Yes, but you cannot complaint about the hot chicks. :D

Yes. At first, thought he is a pussy and give everything Wall Street demand. Guess after all, he is looking out for the smaller guys too. Another shorting opportunity.

Keep dreaming. If the Fed cut the rate, it will lose the little credibility it left. If there will be an adjustment, it will be an increase. Inflation is way too high. Please don't show me the inflations number released by the government. Show me your grocery receipts from 1 year ago and...

This is the best comment in the post. The rest of them just whining in general. For all you idiots out there, read quoted post please. The Fed is not here to help the speculators get rich. Everyone need to be responsible for their own actions. The market is fine, it can absorb losses. If you...

so we should pity for them?

So the market is off it's all the time. Big freaking deal. Let the market correct itself. Just because the market didn't make new high every other week, people are calling it's end of the world. Let it crash and the public will ask themselves why Wall Street are getting pay so much with...

I was expect it to down 400 today. The Fed is stupid. Just let the market absorb the losses. Big frigging deal if the market is down. So what if the Dow didn't make new high in the past 2 weeks and now down a few hundred points from all the time. All these actions tell the big boys to...

Why is the Fed doing this anyway? So I guess it translate that Wall Street can take the greatest risk and it if works out, rip great deal of money from the public. If it's doesn't Fed comes to the rescue. I wish my broker will do that for me when i am down, they reimburse my loss.

I used to be a true believer of CANSLIM until reality hit me. This is the basic idea, assume XYZ is $25 and it start to pull back to $20 and heading up to $25 again. You place a buy stop at $25.10, because it's the pivot point ($0.10 above all time high). You also need to put a protective...

Exactly. The Fed is not create to help stock market to make new high every week. The purpose of the Fed is to create stability of the economy. The credit crunch is created by the financial firms, and they need to take responsibility to clean it up. If the Fed just give them what they want...

To be honest, why would the people expect the Fed rate cut to bails out stupidity?

Why would Fed cut the rate when it's already low? If they going to do anything, they have to raise it to combat inflation. If you have do shopping lately, maybe now it's the time. Price has increased a lot over the past few months, especially in food. Of course, as the big Ben has said, it...

How about average people want a rate increase. Inflation is killing middle and lower income family. Price has been going up so much in the past year and yet income hasn't increase much. If the rate is cut, I am sure the price will increase more.

Nevermind. I am an idiot.