Futures Gone Negative Already!!!

[BSAM]

Quote from gnome:

The rate cut's impact is mostly psychological... Whether rates are 2.0 or 1.5% makes no economic difference whatsoever.

Are you saying that our good government doesn't know what they are doing??? :eek:

 

[jackangel]

Quote from jackangel:

Weakness in the futures after the coordinated cut made me nervous. Got out of the two positions I had (just now...better really fucking late than...later), saving what little cash I have left. I hope that's the right move, or at least the smart move.

...aaaaand. wrong.

it seems. for now.

 

[KMAX]

Surprise! we're up for now. doubt it will last

 

[Bigpipn]

We have dipsters!

 

[KMAX]

10 am good housing number didn't do much

 

[flipflopper]

Quote from KMAX:

10 am good housing number didn't do much

No, we got amazing housing numbers.

Thought we may explode but didn't. Still A lot of people wanting out this market.

Funny thing is I'm getting kinda bullish on fundamentals. The problem is market lags changes in fundamentals by 6-9 months so I'll be carefull!!!

Technically speaking we are due for a sharp rally that will probably go on longer then most expect. I will always remember after 9/11 when things looked worse then ever the market rallied 2600 points before reversing and making new lows.

The only thing I have in my swing account is GS... which I'll hold until we get a real rally... 1500-2000 point rally. May not happen before we break down but I have it in the back pocket.