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Blame Greenspan. He fed the whole bubble keeping rates so low for so long even though the economy wasn't even in a recession. I highly recommend Fleckenstein's book on Greenspan, called the Age of Ignorance.

Hedge funds are like sheep. I don't need to know what all of them are doing. I do know what a small sample of them are doing, and that is getting long financials and retailers after viewing the action last Tuesday and Wednesday as a bottom and holding on hoping that the Fed will come to the...

To you, anything above 1% Fed Funds Greenspan ARMs and Teasers rate is behind the curve.

Those same babbling idiots called for 25 bps in September, 50 bp in December, etc.. CNBC knows nothing.

There is no way this Fed has the balls to take interest rates to double digits, with the rigged CPI, inflation would have to be obscenely high to register anything above 2% on the CPI. With the rigged CPI as their inflation monitor, the Fed can keep rates low, blow perpetual bubbles while...

The guy panicked and cut 75 bp! Doesn't that tell you something about the guy's tendencies? Remember September when people were expecting 25 bp and he gave Wall St. 50 bp causing one final last gasp bull run which trapped a ton of bulls for one big bloodshedding. Ben is going to cut 50 bp...

Sucker's rally would be a gold mine, the only question is how high it goes. I think there is enough ammo to take the market to 1400, but maybe the bulls really get excited and take it all the way to 1450. Timing is the key but this bear market hasn't bottomed yet. There will be many more...

I mean down as in down. Negative. In the red. What does that have anything to do with being short? If the mutual funds were short, they would be up this month. And hedge funds can easily get in and out via index futures and options. I'm sure they are in a lot of liquid names anyway...

Most hedge funds are net long. There are very few net short funds out there. This has been a brutal month for the hedgies, and they are gonna gamble on Uncle Ben saving their hide. Bearish sentiment as a contrarian indicator works when people are fearful like last week. Not that many people...

Being long ahead of the 50 bp bopper seems like the smart move but think about what the guys with the big money are doing. Most hedge funds are down. Most mutual funds are down. Down big. When the chips are down, what are natural instincts of most traders? That's right. To gamble. To...

All the variables that you take into account, are all correct, the market should have sold off but that can all be trumped by a little thing called a program. Programs often make the last 2 hours of trading a crapshoot, and you can never really tell how deep and long the program will run...

One thing people forget about hyperinflation is that its good for the stock market. The stock market benefits from high levels of inflation, it gets crushed during deflation. If people think we will go into a high inflation period and think stocks are bad investments, they need their head...

I just read about these tax rebates for $600 to $1200. Where does this money come from? The Treasury. A few years ago, we had those $300 checks sent out to people to buy Crocs shoes for their kids, Apple Ipods, etc. What is this obsession with keeping people spending their money...

He made back 2K the next day on an account decimated from 55K to 15K. So he is taking some serious hacks at the market. I don't see him quitting his style, talking about stops and all that, considering he is highly leveraged. Definitely overreacted and freaked out, spastic, hilarious and...

Definitely more program trading between 2 - 4 pm these days. Bots are taking over the trading as you get computers buying and selling futures in bunches in seemingly chaotic fashion.

Volatility like this was almost a daily occurrence from 1998 to 2002. 2004 to summer of 2007 were a sleepy period. Definitely crazy action, and a lot of money being transferred here among traders.

Definitely a delayed reaction the 75 bp bopper from Ben. This smells like a short term low, I think its safe to buy here until the FOMC meeting. After that, all bets are off.

Guys, its looks like everything is ok again. Buy the banks! Buy the homebuilders! Buy anything in crappy industries with horrible fundamentals! The Fed just gave all speculators the green light to buy without worry, emergency rates cut will be used regularly to prop the markets.

Look for a run up to the FOMC meeting so we're not going down from here till next Wednesday. Every day will probably be an up day as the bears throw in the towel ahead of FOMC.

They are trying to drive a stake through the heart of the bears in this final hour. It is a sneak attack to force a short squeeze as the PPT knows that the last hour has the biggest effect on investor psychology. This run up is totally orchestrated.