Quote from S2007S:
You 3 (day9933, stcktrder, landis82) are too funny, you think the economy is doing great and GDP is strong at 4%+ while jobs are plentiful and consumers are out there spending and buying everything they can, you also think that the housing drop is just a dream and that there is no such thing as foreclosures or job losses, you probably also believe that the federal reserve stepping in everytime the dow is off 2% is healthy. You are enjoying all the liquidity injections and rate cuts and you probably are begging for 0% interest rates so that the federal reserve can pump the system back up to where it was just 2 years ago and create another credit crisis that was caused by the same steps the federal reserve took only 5 years ago to pump up the economy to extreme levels.
Wake up were in a recession along with a bear market, forget about the rate cuts, rate cuts are only going to hurt the economy going foward. You will see the negative outcome of this in the months to come.
I'm sorry, but you are a COMPLETE idiot. I never said anything about the Economy being in great shape. Where and when did I say that, you moron???
What I do know is that I have a TON more financial market experience than you do, and I understand what the FED is trying to do right now, just as they did for 11 MONTHS STRAIGHT back into the market low of August of 1982.
Yeah, I was around trading back then.
But you, you probably weren't even born yet . . . Either that, or you were running around in diapers.
Keep talking about how "the market didn't open LOW enough today" and all that other BS that keeps you from pulling the trigger.
Spend your entire day posting
59 times on ET ( at last check ) about how we are in a Bear Market and how the FED is not letting the markets self-correct, and how you know better monetary policy then Ben Bernanke, blah, blah, blah . . .
I'd rather spend my time TRADING in and out of stocks and making money.
Not sitting on ET and being in total DENIAL.
