Rogers hillarious again

He says the US is in a recession and that there is no need to cut interest rates because the stock market is only 5% off its highs. If the market were to be down 30-40%, then there is a need to cut rates.

So according to him, monetary policy is set to where the stock market is.

Faber said the US is going to experience a colossal recession with the Dow to trade below 12,000? (He really went out on a limb with that number.)

Wow.
 
well these 2 guys really serve for entertainment than for anything else.
that said they sometimes have good common sense points. (the ones that you quoted are clearly not among them though)
 
Hey dimwits, why not wait 'til the fat lady sings with casting your pearls of wisdom? He(Rogers) could be right, you know......I don't know you from Adam but I have heard of him.....
Quote from dhpar:

well these 2 guys really serve for entertainment than for anything else.
that said they sometimes have good common sense points. (the ones that you quoted are clearly not among them though)
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Quote from dhpar:

[B not sure his short in IBs is going to make him happy today. [/B]
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Rogers could care less what is happening in a stock today. He is looking long term.
 
Quote from dhpar:

well these 2 guys really serve for entertainment than for anything else.
that said they sometimes have good common sense points. (the ones that you quoted are clearly not among them though)
More...

i'm curious because it seems like a valid point to me. since we are only ~5% off highs in the stock market, doesn't it seem a little odd to be cutting rates here to avert a recession? ...maybe a little too proactive?

is the fed admitting by a cut that we're in a real recession not represented in current notional prices

how is his quote lacking common sense?
 
Quote from Covertibility:

He says the US is in a recession

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he says that then claims the fed is trying to bail out his pals in wall street, he is very biased
 
Quote from Avid_Consumer:

i'm curious because it seems like a valid point to me. since we are only ~5% off highs in the stock market, doesn't it seem a little odd to be cutting rates here to avert a recession? ...maybe a little too proactive?
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Yes, however the other side of that is, that the market has come back on the idea that the Fed will lower and that could be viewed as a reason why we are where we are. Should the Fed not lower, there will be a reaction initially to the downside. Over time, the market will come back as valuations are still very attractive. That being said, I only trade on technicals.
 
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