Dow to end the day (12/16) up several hundred

Agree EMR GLOBAL, possible rally for a short time period, but continue to grind lower.

It's the Bernacke/Paulson/Bush curse - they open their mouths the markets sell off...
 
Everyone is expecting a 50 Basis point cut this afternoon, I believe its totally priced in and that anything less than a 50 basis point cut will drop the markets at least 2%.
 
Im not sure the market gives a hoot if it .25 or .50.
All ears will be on the statement after. I have heard that the Fed may make some sort of statement indicating non rate related action they may take as the economy continues to deteriorate.

For the life of me I cant think of anything that could be though...unless its a plan to guarantee pretty much all debt...

Good luck to all.
 
Quote from MrDODGE:

With the upward trend today and the Fed rate cut I expect the Dow to rocket up to at least 9,000 by close.

Does anyone really think the Fed will scare the market by going straight to zero?

Half a point should be priced in but it won't be because the market wants to be bullish through the end of the year. The start of next year will probably be a whole different story.
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A huge rally is guaranteed. The odds of a large selloff on a rate cut are zero. The funds keep buying all the dips. All bad news priced in and the mental recession is very shallow because the core CPI was unchanged.
 
Quote from stock_trad3r:

A huge rally is guaranteed. The odds of a large selloff on a rate cut are zero. The funds keep buying all the dips. All bad news priced in and the mental recession is very shallow because the core CPI was unchanged.
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yup right again
 
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