just cover, market is oversold, fed will come to the rescue
- Thread starter Daal
- Start date
I returned after a couple month hiatus to tell people it is time 2 buy. Sure enough a few days later the markets have thier biggest one day gains in five years...
The fed is gonna crush the shorts. baen bends ass backwards to the markets. Dont fight the fed. Go long.
The fed is gonna crush the shorts. baen bends ass backwards to the markets. Dont fight the fed. Go long.
Gold stock as a hedge against further easing and $ weakness. Gold feels too much like chasing here and is too volatile to take a big position if you are not already in, however there are lots of good gold stocks that should pop and have good earnings too, just coming oput from under the earnings caps of forwrad sales and cap ex incraeses to ramp up production so should enjoy a few quarters of powerful earnings. Good RR. As stated in a previous post GFI is the way I am playing it.
The most scary statement of all time..
http://www.federalreserve.gov/newsevents/press/monetary/20080314a.htm
Press Release
Release Date: March 14, 2008
For immediate release
The Federal Reserve is monitoring market developments closely and will continue to provide liquidity as necessary to promote the orderly functioning of the financial system. The Board voted unanimously to approve the arrangement announced by JPMorgan Chase and Bear Stearns this morning.
To me that is a stern warning to shorts. S&P will be up 100 points once the Fed completes it's hat trick.
The Fed could one day soon announce to buy all MBS at face value.
http://www.federalreserve.gov/newsevents/press/monetary/20080314a.htm
Press Release
Release Date: March 14, 2008
For immediate release
The Federal Reserve is monitoring market developments closely and will continue to provide liquidity as necessary to promote the orderly functioning of the financial system. The Board voted unanimously to approve the arrangement announced by JPMorgan Chase and Bear Stearns this morning.
To me that is a stern warning to shorts. S&P will be up 100 points once the Fed completes it's hat trick.
The Fed could one day soon announce to buy all MBS at face value.
wrong...all overhyped...FED will not cut next week...why?...they never do so much bps in so many days
