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This is a really, really good post. Quoted for posterity. P.S. - Pabst, you are indeed correct. It was Falwell, and not Pat Robertson, that I was referring to. Robertson is nearly as loony. I'm not sure if he's 90% or 95% of the way to Falwell-Land. I wish more people of faith were...

Range bound trader's market for who knows how long, with vicious volatility and absolutely nasty whipsaws. If you're one of the truly few, that rarest of species, that can consistently trade intraday profitably, lucky you - Nirvana awaits w/all the fortunes that it entails. For investors...

Sheep rush to slaughter. I can't WAIT to view this from the sidelines, as a spectator sport. Visa floated 406 MILLION SHARES, and there's an additional 40 MILLION shares waiting in the wings for over-subscription.

It's widely known that CITIC was willing to pay 1 billion+ for BSC, and possibly a lot more; in a very suspicious way, that offer was withdrawn and not mentioned again once he fed came out and trumpeted the arranged marriage between JPM & BSC. The justification I've heard for the deal being...

Fed doesn't care about inflation anymore. It's not their concern.

All Hail Bernanke!!!!! Any concern about inflation is gone. The bull is back.

If you don't think it's a distinct possibility (likelihood, given the context of Cramer's clown ass show) that the individual was referring to selling off shares they were holding, and that they were concerned that the shares would tank if Bear Stearns became illiquid, you're a lost cause...

Obviously you're too obtuse to realize that "getting one's money" out and "worried about liquidity" could very easily have meant 'stock shares,' as I explained above. If so, my condolences to you. You really are old.

I'm not so sure. When the person asked if they should get their money out, I'm pretty sure they meant selling the stock. But it shouldn't even matter. Cramer was pretty emphatic that Bear Stearns was MORE than fine. "Bear Stearns is not in trouble! Don't move your money from Bear...

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100 basis point cut. This is a true double-edged sword. He'll give them that, because he wants to go above and beyond, and it will be interpreted as yet one more desperate move, signaling that the fed has lost faith in the economic fundamentals. They can not win tomorrow.

In all fairness, Bernanke is in a terrible pickle. I maintain he has thrown way too many rate cuts at the banks, without obligating them to pass the saving on the consumer/borrower, though. That's one of the reasons why the cuts have had little, if any, effect. He shouldn't be giving them...

Why are you harassing S2k? It's not like you don't post 3x a day. Don't be hypocritical. No one is giving you a quota on how much you can post.

Memorandum To: All Rational Traders Re: FOMC Rate Cuts ___________________________________________________ Please be advised that you are directed to sell all rallies that may result from FOMC-triggered actions, or any other short term catalysts, until further notice...

How is that relevant?

HedgefundTrader - Do you really trade for a hedge fund?

$5,000

It's not about tomorrow. It's about next week, next month.... If we drop 300 points tomorrow, I'll say the same thing.

Remember this thread title in the months to come. The permabulls are orgiastically calling today the market bottom (I don't know whether on fundamental or technical terms, but anyways...). We haven't had capitulation and we haven't bottomed as there's still too much positive sentiment...

TGregg, that question I posed wasn't specific to you. I'd like anyone to answer it, including you, if you so desire.