Quote from silk:
Seems like Fed will cut rates. If they are going to do it, they may as well take advantage of the surprise factor and cut Monday morning. I know it sounds crazy, but surprising the market one day early could add to liquidity generation. Credit market shorts will be sent scurrying.
Quote from renegade trader:
let the markets correct. people should pay for being idiots. Why should we allow a bail out of bear sterns and all these other investment houses when they wont bail out the small speculator that these guys robbed blind during the internet boom.
the fed has singlehandedly destroyed the US dollar. CUT RATES? if they do this Mexicans wont be coming to the UNITED STATES but going straight to Canada.
Quote from silk:
Seems like Fed will cut rates. If they are going to do it, they may as well take advantage of the surprise factor and cut Monday morning. I know it sounds crazy, but surprising the market one day early could add to liquidity generation. Credit market shorts will be sent scurrying.