Warning!!

[Voodoo-king]

Quote from Brandonf:

Between the mid 60's and the 80s a long term approach to the market (blue chips) also sucked you dry. If you look at the Dow Industrials in constant dollar terms then the secular bear market that started in the 60's saw the Dow peak around 3100. By 1981 it have fallen to around 850, for a wonderful return of around negative 70%. It was not until 1995 that the very patient were made whole again, 30 years of shit.

This is about I believe, sucking people dry. Its about trapping a generation and debt is the instrument of choice. Deflation simply traps people for a longer period of time, an easy way out will not be given.

 

[polpolik]

Quote from PAPA ROACH:

Can you explain how the rate cuts have helped the economy thus far?

Has it ever occured to you that maybe the economy would have been a lot lot worse - perhaps Citibank or Merrill lynch going under without the liquidity boost from the fed?

On another note, I think commodity is carving up an intermediate bottom around here but I'll wait until tomorrow's statement and take it from there.

If you hadn't noticed, most of the commodoties are near support levels:

1) CL close to 120
2) RB right around 3
3) Gold, right around 900
4) Wheat, 7.50
5) Rice 16.00
6) Corn 5.50

 

[Landis82]

Quote from kashirin:

if banks needed help - all their assets must seized, banks must be nationalized and then after privatized to new owners

All previous management must be jailed

this is the solution - not destroying the economy through rate cuts

You are too funny.

You talk about your libertarian ("let the banks fail" and "don't bail them out that's socialism" crap ) and yet you have no problem NATIONALIZING them and SEIZING their assets and jailing management.

You sound incredibly confused.
Did you not take your Thorazine or Haldol today?

 

[Daal]

Quote from runningfreeyeah:

IS IT REALLY DIFFERENT? WHAT ARE YOU BASING YOUR ASSUMPTION.

yes, its different because they are going even lower this time

 

[dutch369]

Quote from PAPA ROACH:

Technical levels get breached and broken every single day in something, the fact that all commodities are breaking down hard in unison today on heavy volume is a little more than a broken technical.

I have heard about the fund as well, they are not liquidating on a technical breach, they are getting decapitated on loss of capital. You really think they are selling on a mere tech violation?? HAHAHAHA!!!!!

I have used technicals for 12 years, and although I find them a useful tool, I have also learned they are not the holy grail. Most technicians such as yourself verify why a move stopped at a level, therefor you have just confirmed something that has already happened. It is far more difficult to predict the future and have it verify. I have seen your technical predictions on this board, they are 50/50.

Well better late to the party than never showing up.
http://stockcharts.com/h-sc/ui?s=SMN&p=DAILY&b=5&g=0&id=p59904434654

 

[Landis82]

Quote from polpolik:

Has it ever occured to you that maybe the economy would have been a lot lot worse - perhaps Citibank or Merrill lynch going under without the liquidity boost from the fed?

No, of course it doesn't occur to him.

He doesn't think that the American economy needs the banks as financial intermediaries that facilitate CAPITAL FORMATION that stimulates economic investment, expansion, growth, jobs, etc.

His intellect is severely limited.

 

[jonbig04]

Quote from PAPA ROACH:

Rate cuts thusfar have hurt the broad economy via creating crippling inflation at the wrong time of an economic cycle. The rate cuts have not equated to lower mortgage or consumer rates, and in fact have created higher rates as the middle to far end of the curve rates are based on inflation. So higher inflation created by lower rates has created higher rates for consumers.

The only ones to have halfway benefited from lower rates are the banks we have and continue to socialize losses in. Go McCain, 4 more years!!!

A lot of people have benefited. Dont be dumb. The FED has to fight one battle at a time.

 

[FerdinandAlx]

What we witnessed today is a selling climax in the commodities markets. Emphasis in market perception shifted from inflation to deflation and the majority view is currently that demand for raw materials will decline in the near future. As a result, commodities corrected over 20 percent since the beginning of this month:

http://www.bloomberg.com/markets/commodities/cfutures.html

Expect a sharp bounce tomorrow as selling pressure is relieved. I recommand going long Natural Gas, Aluminum and Zinc futures.

NG and Aluminum supply is becoming increasingly tight. Zinc is due for a major correction as mine closures will wipe out the current over supply.

 

[musclemoney]

Quote from riskfreetrading:

The interest rates will remain the same. Period.

But since there are a lot of idiots in this world, the Fed will give them some WORDS so that they guess the wrong direction again (after wrong guessing what will happen tomorrow as evidenced in some posts in this thread).

Fed spends WORDS, idiots spend MONEY.

LOL!!!!! Good stuff!

I also agree!

 

[Aaron Copland]

Quote from Landis82:

No, of course it doesn't occur to him.

He doesn't think that the American economy needs the banks as financial intermediaries that facilitate CAPITAL FORMATION that stimulates economic investment, expansion, growth, jobs, etc.

His intellect is severely limited.

You forgot to mention over leveraging and greed. Why should the tax payers pay for this?

The Fed has been asleep at the switch. Securitization, used by banks and brokerage firms has been going on for years were was the Fed….. asleep at the switch it would seem. These banks and hedge funds that overleveraged should go bust, that’s how free market work.

If they were to let a major bank go under it would send a message to others and there stupid greedy scams would cease.

But know lets just get the tax payers to foot the bill and encourage even more risky behavior from our financial institutions.