Surprise rate cut Monday...

[gnome]

Quote from MrDODGE:

Market is going to catch on that those low numbers are a bunch of BS.

I dunnnoooo... they been snowing us for years and mostly we didn't catch on yet..

 

[Mvic]

The $ is in a very precarious position here, cut and it will sink further and hello $5 gas. Foreign banks are going to start hiking, at the same time they are going to be forced to get more aggresive with $ intervention but they won't do that if the US cuts (and see Bullard's comments just now, doesn't look like a Fed that can cut).

 

[ByLoSellHi]

At the risk of over using this emoticon today, I bid all of you farewell with this:

 

[PohPoh]

Quote from stock_trad3r:

lol not true

Look how strong the market has been since Benny started cutting rates..

OUCH!

 

[dsq]

cut rates and watch oil go limit up again!!!

 

[capmac]

1% rate cut Monday morning....

 

[S2007S]

He is out of rate cuts, any lower and you will see greater inflation and skyrocketing commodity prices like were seeing now. There is nothing he can do now, you can only cut rates so far and open the discount window so many times. Whats next? The only thing that is going to fix this market is TIME. I have said this numerous times that rate cuts were not the answer to this problem. Until housing starts to fix itself, energy prices come down, credit crisis eases etc, etc, etc, etc, etc, stocks will continue to drop.

 

[syswizard]

I see Dow 0k soon.
Yep, Dow near zero.
GM & GE: penny stocks.

 

[makloda]

Quote from S2007S:
The only thing that is going to fix this market is TIME. I have said this numerous times that rate cuts were not the answer to this problem.

You have been explained equally numerous times that the Fed could care less what the stock market does. The Fed's job is not to fix stock markets, they are interested in keeping the banking and credit system working.

When will you understand that these are two different things?

 

[offbyone]

Quote from makloda:

You have been explained equally numerous times that the Fed could care less what the stock market does. The Fed's job is not to fix stock markets, they are interested in keeping the banking and credit system working.

When will you understand that these are two different things?

You are correct in saying that the Fed's job is not to fix the stock market, but that doesn't mean that they are doing their job properly.