Was congress duped again?

[paysense]

The market reaction to the Senate pass was an indicator as well as the last couple of rate cuts - in fact everything the Fed did for since August '07, designed to artificially prop the market up, has failed.

That is why less intervention in a pseudo-free market is best.

Now that the Fed has thrown away $700B they next want to cut 50-75 basis points - for what?!?

paysense

- and the market continues to correct. With vix about to exceed prior high - there may be TRUE PANIC into the close and finally mark a bottom. We shall see.

 

[BSAM]

Our so-called leaders speak
With words they try to jail you
They subjugate the meek
But it's the rhetoric of failure

Sting/Police

 

[riskfreetrading]

Quote from paysense:

The market reaction to the Senate pass was an indicator as well as the last couple of rate cuts - in fact everything the Fed did for since August '07, designed to artificially prop the market up, has failed.

That is why less intervention in a pseudo-free market is best.

Now that the Fed has thrown away $700B they next want to cut 50-75 basis points - for what?!?

paysense

- and the market continues to correct. With vix about to exceed prior high - there may be TRUE PANIC into the close and finally mark a bottom. We shall see.

Market is heading up. You do not understand how markets work. It is the bottom, the move is to confuse traders before the kill.

You very well know that RFT never/rarely miss!

 

[poyayan]

Congress is never duped. It is money. That makes the difference between now and last Monday, right?

 

[dis]

The taxpayers were duped, not the Congress.