Quote from S2007S:
Just to think they only have 2.25% to go until they touch 0%, at this rate they should be all used up by mid to late 2008, then what....We have seen this time and time again, they cut rates the markets rally for a 1-2 weeks and the next sell off takes place. Admit that this is a very sad market environment to know that the only catalyst for the bulls are rate cuts.
With a market double bottom in place ( read my other post MARKET BOTTOM IS IN- posted on March 17, 2008 ) I correctly called what it was and today with a 410 point rally and VIX dropping to 25 we have confirmed that. This is Technical Analysis not some fortune telling and emotion loaded howls like yours about an imaginary recession.
IF you are a BEAR hoping to short things when you get a chance think about joining us... you will be killed.
I think BEARS are running out of bullets, capitulation is near and defeat certain