No one was wrong today. However you bulls better be prepared.

[mschey]

Quote from athlonmank8:

No, they have the data. But they didn't act accordingly. That's the point.

System traders have the data too.....but do they trade the system? 80% NO.

Does the fed? Greenspan did ok in my book. But this time we really are in left field.

Of course, based on the three data points you cited, and analyzing the impact on your model of the economy, they took the wrong action.

However, the FED has done quite a bit more work on econometric modeling, and their models tell them that the risk to growth is greater then the risk of inflation. I'm going to have to go with the FED on this one.


Please tell us more about your models!

 

[vectors101]

triple witching is what the US economy is getting and there nothing you can do to stop it.

lowering the interest rates just confirms the doom..

Quote from vectors101:

US economy is in triple trouble. and there is nothing the gov't can do about it.

 

[vectors101]

didn't know the credit crunch and eonomy was that bad for 5o point cut.

Quote from vectors101:

triple witching is what the US economy is getting and there nothing you can do to stop it.

lowering the interest rates just confirms the doom..

 

[bluud]

Quote from athlonmank8:

For fuck's sake ...

From a technical standpoint we're bullish. (i've switched from bearish to bullish today as hard as it is to say and now am positioned for new highs).

exactly!

 

[athlonmank8]

Quote from mschey:

Of course, based on the three data points you cited, and analyzing the impact on your model of the economy, they took the wrong action.

However, the FED has done quite a bit more work on econometric modeling, and their models tell them that the risk to growth is greater then the risk of inflation.

Please tell us more about your models!

Models? I thought the depreciation of the dollar, rising inflation, heavy levels of govt debt, and a trade deficit were enough.

What kind of model could the FED possibly have used here?!

His name is "Helicopter Ben" for crying out loud....that's not a name of reason...it's a name of bias.

 

[galiano]

Quote from mschey:


The FED has access to the best data, they have some of the best talent working for them, and I'm pretty sure that they have a pretty damn good reason for taking the action they did.

At least as good as the best data and best talent that said Saddam had WMDs, which seemed like a pretty damn good reason for taking the action they did.

 

[stock_trad3r]

the economy is doing fine

 

[athlonmank8]

Quote from stock_trad3r:

the economy is doing fine

EXACTLY!!! You just said it yourself. Now explain to me why the fed cut rates.

The economy is doing fine...so we cut rates?


Stock...I always took you as a very educated individual, but I have to say this time you're not making sense.


No. What we do is we bail out housing in a rational way instead of taking this kind of action.

 

[mschey]

Quote from galiano:

At least as good as the best data and best talent that said Saddam had WMDs, which seemed like a pretty damn good reason for taking the action they did.

You can't equate the FED's data to CIA inteligence data. Well....YOU can...but the two are not even remotely the same.

 

[mschey]

Quote from athlonmank8:

EXACTLY!!! You just said it yourself. Now explain to me why the fed cut rates.

The economy is doing fine...so we cut rates?


Stock...I always took you as a very educated individual, but I have to say this time you're not making sense.

As I've said.....they are smarter then you, they know more then you, they have better data, stop being a tool, and start thinking about how you will trade and make money in this environment.

BTW....read their policy statement and they make it pretty clear what their concerns are going forward!