Will everyone be disappointed with just 25bp cut?
- Thread starter detective
- Start date
Inflate or die. there is no other way to service the massive debt created in the last 5 years
When I first noticed the ending of your posts with the "Inflate or die" insignia, I thought you were another ET looney.
The reality is you're one of the most forward looking guy's around. That's Chicago for ya.
BTW: I think the dollar bottoms on the meeting and we see 136 EUR by EOY.
Quote from Algorithm:
Should be no cut in the funds rate and make the discount window par with the funds rate.
Provide liquidity to the banks, don't flood the general markets.
Of course that's not what's going to happen and of course everyone will perceive a cut as bullish. So bad economic data is bullish for stocks???????
I haven't seen as many consumer companies come in light or miss as there have been this past quarter in quite a while.
"I share your sentiment like you read my mind!"
"I think regardless of oil prices, bad economic data, or even bad earnings, there is nothing that will stop the mutual fund managers from continuing to drive the markets higher.
Seasonality and year end bonuses trump everything else!"
I think Markets will keep moving up through 2007 and beyond just because there are too many retail shorts in the market at this point in time which has the MMs licking their chops and doing their thing which they have been doing for the past few months - sadistically rejoicing in bringing maximum pain to the majority.
Case in point: Amazon. This sucker is overvalued to the max. MMs drove the price up by $10 in just one day before earnings. Big Deal - The stock is now down by about 10 dollars from that price.
Too many retail shorts. I guarantee that this animal will hit $100 within a couple of weeks at most - mediocre earnings notwithstanding.
Case in point: Amazon. This sucker is overvalued to the max. MMs drove the price up by $10 in just one day before earnings. Big Deal - The stock is now down by about 10 dollars from that price.
Too many retail shorts. I guarantee that this animal will hit $100 within a couple of weeks at most - mediocre earnings notwithstanding.