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FOMC minutes:
- Thread starter pumpanddumper
- Start date
When the minutes came out, indexes went up a tiny bit
the sheeple : ''OMG GUYS THEY CUT THE RATES 2 WEEKS AGO BUY BUY BUY''
then after a few minutes it went down
the sheeple : ''WAIT A SECOND GUYS, WE KNEW THAT ALREADY, SELL SELL SELL''
the sheeple : ''OMG GUYS THEY CUT THE RATES 2 WEEKS AGO BUY BUY BUY''
then after a few minutes it went down
the sheeple : ''WAIT A SECOND GUYS, WE KNEW THAT ALREADY, SELL SELL SELL''
largest increase on CPI since SEPT 2005...inflation is going to rise quickly over the next 12-18 months, lowering rates is only to cause more problems, 3% is low enough, they should have stopped at 4%, anything lower and its going to get worse, many are looking for 2% fed funds rate.....
Quote from Thunderdog:
And of course, official CPI is currently annualized at 4.3%. I can't begin to imagine what the actual rate of inflation must really be.
:eek:
http://online.barrons.com/public/page/barrons_econoday.html
run for the hills!!!!!! Gas $5.00 a gallon, milk $5.00 a gallon. Next thing you know they will start charging us for air. Its getting more expensive to create i'm sure. :eek:
ohh yea i forgot to mention. We get obama in office... higher taxes. Yes!!!!!! I love giving the gov't more of my money. What could be better
Quote from number22:
It is not going to work anymore; they can swap half of Dow with energy; mining and agricultural companies.
I agree but it worked again today or about the 15th time this year(fading the rally). When buying high and selling low stops working, let me know.
I covered at 13,300 and took my profits for the day. Can't get tooooo greedy.