Things are settling down.. we will see it up soon

[Comptalk]

Market has priced in a 50 basis point cut at the end of January. FOMC will probably do that. They cannot let the market go into a whirlwind down turn. But it will be sideways until the second quarter.

APPL down 15 pts. because of Intel? What does slower PC (not Mac) demand have to do with Macs? Mac ownership is up quarter after quarter. Bought Dell on the dip. It should bounce back next week. Probably empty all positions next week, then go short into earning season til fed. Then we sit tight and hold on for a rough ride. Uncle Ben says the wrong thing, what happened yesterday will nothing on the reaction to another stupid move.

 

[Warrior4g]

if the consumer retrenches,which he seems to be doing,then apple will get hit as well perhaps not as bad.

 

[Tracy McGreedy]

the fed will lower fund funds to 3% or lower. it's just a function of how soon.

Quote from asap:

inflation is running high. oil continues to peak. no way the fed can lower rates. if he does he'll be flushing the economy (or the rest of it) down the drain, not the mention the currency which is already there.

sit tight. the us will enter in recession this year and the indexes will have to adjust the new reality .

 

[Brandonf]

Quote from Comptalk:

He has his head up his ass. Just look at the fed minutes. This is because the fed did not act correctly. If they do not cut at least 50 basis points, bulls (or semi-bulls) are fucked.

And if they do cut 50 points the dollar is going to keep going to shit, the UAE will unpeg or at least loosen, inflation will continue or increase...the fed is in a pickle. A good analogy might be a heroin addict. Everyone is addicted to this easy credit, and withdrawl is a bitch, so instead of just going off it the fed has decided to keep us on the methadone treatment. Maybe somewhat better, but your still stuck, you gotta get up at 5am and line up with a bunch of dirtbags to get your dose or your still going to be sick.

 

[Tracy McGreedy]

Fed mantra: Inflate or die!! With methadone, the heroine addict stays alive, vs. dead. What's better, alive or dead. You choose.

Quote from Brandonf:

And if they do cut 50 points the dollar is going to keep going to shit, the UAE will unpeg or at least loosen, inflation will continue or increase...the fed is in a pickle. A good analogy might be a heroin addict. Everyone is addicted to this easy credit, and withdrawl is a bitch, so instead of just going off it the fed has decided to keep us on the methadone treatment. Maybe somewhat better, but your still stuck, you gotta get up at 5am and line up with a bunch of dirtbags to get your dose or your still going to be sick.

 

[hajimow]

And baby I love that I went with a 5year ARM for my mortgage at 3.875% in 2003. Now 15 year fixed is 5.12%. All my friends were warning me of higher interest rates but it seems that I will be able to refinace at 3% in 7 months when my ARM period is over. Market might go up on Monday and Tuesday but after 8 months when you look at the chart, you will see a straight down trend or market might go down next week but when you look at the chart after 2 years when DOW is at 17000, you won't see this drop in the chart. It means that I don't know what might happen

 

[hajimow]

I don't see inflation as a big threat now when recession seems a bigger threat. If you ask me in the last 7 years, inflation has been at least 40%. Food, tax, energy, postal stamps, tolls, house,.....

 

[TradEStar]

Quote from stocktrader2007:

We are seeing the worst today. We will be back up and running soon.

Is this your now "often repeated" positive affirmation in HOPES the market comes back up???

1385 area test first, then we can talk about a try for 1475 again. Remember, they (institutional players) have to force the Fed into a .50 cut FIRST before they all start buying what is viewed as "wholesale" pricing again.

 

[Comptalk]

Its Greenspan's fault we are in this mess. Unfortunately, the only way to remedy this mess is to get the rates down lower and stable then raise slowly. Will it go back to 1%... Maybe.. But it has to be done. We are going to have a domino effect in terms of job loss if we do not. In terms of Apple, they tend to lean towards the people with more income (for the Macs). Different type of person.

In terms of credit, it is fine to use credit. I do it all the time. I love borrowing someone else's money and paying zero percent for it. Here's the key though.. DO NOT BUY WHAT YOU CANNOT AFFORD TO PAY OFF AT THE END OF THE MONTH!!. Some how, some people just do not understand this concept..

 

[Tracy McGreedy]

It's really nobody's fault. It's in human nature to overreact as a collective, both up & down. Creates these things called cycles...

Quote from Comptalk:

Its Greenspan's fault we are in this mess. Unfortunately, the only way to remedy this mess is to get the rates down lower and stable then raise slowly. Will it go back to 1%... Maybe.. But it has to be done. We are going to have a domino effect in terms of job loss if we do not. In terms of Apple, they tend to lean towards the people with more income (for the Macs). Different type of person.

In terms of credit, it is fine to use credit. I do it all the time. I love borrowing someone else's money and paying zero percent for it. Here's the key though.. DO NOT BUY WHAT YOU CANNOT AFFORD TO PAY OFF AT THE END OF THE MONTH!!. Some how, some people just do not understand this concept..