2:15pm

Quote from LT701:

market desparate for a hit off the fed's crack pipe

a credit junkie economy
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I am wierd.

And that's exactly what the market is, a credit junkie. Going through withdrawls is oddly similar to the fluctuations as of late. But just like a substance addict, the market needs to hit rock bottom in order to recover it's health. The question we're all trying to debate (over and over and over and...) is whether that bottom has been reached.
 
Quote from Ivanovich:

I am wierd.

And that's exactly what the market is, a credit junkie. Going through withdrawls is oddly similar to the fluctuations as of late. But just like a substance addict, the market needs to hit rock bottom in order to recover it's health. The question we're all trying to debate (over and over and over and...) is whether that bottom has been reached.
More...

i think it's just had it's first cringe of DTs

the question is whether it goes off on another bender (rally) or starts drying out
 
Quote from LT701:

i think it's just had it's first cringe of DTs

the question is whether it goes off on another bender (rally) or starts drying out
More...

If you study the psychology of the addict, you'll see that unless they hit rock bottom (alcohol, crack, whatever) they never recover and just perpetuate the problem.

So essentially the market needs to be half-naked, lying in an alley in a puddle of it's own vomit, with rats nibbling at it's testicles - before it realizes it cannot go any lower.

Are we there? Tune in tomorrow!
 
Quote from Ivanovich:

If you study the psychology of the addict, you'll see that unless they hit rock bottom (alcohol, crack, whatever) they never recover and just perpetuate the problem.

So essentially the market needs to be half-naked, lying in an alley in a puddle of it's own vomit, with rats nibbling at it's testicles - before it realizes it cannot go any lower.

Are we there? Tune in tomorrow!
More...

well, i think the fed's as much a pusher as a healer, and only promotes 'healing' when they're out of junk

their actions from 1999-current are nothing short of despicable
 
Quote from S2007S:

Is anyone really expecting a rate cut???


Dow rallied yesterday on anticipation of a rate cut, when 2:15 comes and the Federal reserve doesnt cut rates expect a triple digit loss, however if his wording is perfect and everything is fine in subprime mortgage land and housing seems to be bottoming in his view the may take the dow to 13500+ today, get ready because its going to get extremely volatile by 2:16pm.
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Bah, baloney...yesterday was short covering...
People taking some profits..
Let the news get out of the way, and then buy/sell/jerkoff...whatever..
 
Quote from LT701:

well, i think the fed's as much a pusher as a healer, and only promotes 'healing' when they're out of junk

their actions from 1999-current are nothing short of despicable
More...

I agree, why they just won't let the free market weed things out is just plain manipulation.

Why can't we just have a good cleansing, let the looser loose.
 
Quote from S2007S:

Is anyone really expecting a rate cut???


Dow rallied yesterday on anticipation of a rate cut, when 2:15 comes and the Federal reserve doesnt cut rates expect a triple digit loss, however if his wording is perfect and everything is fine in subprime mortgage land and housing seems to be bottoming in his view the may take the dow to 13500+ today, get ready because its going to get extremely volatile by 2:16pm.
More...

"Rate" cut? "Rate" increase? "Rate" unchanged? Rates are STILL at a generational low. Banks don't borrow Fed Funds. Either from correpsondents or repo's. Latter, priced at what the market bears. Federal Reserve only influences the short end of the yield curve.

Nuthin' but moral suasion. Might be good for a head fake.
 
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