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Arrived: Recession (pg. 6)
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| diskodave |
I can't believe investors are expecting a .50 point cut after the Fed cut rates by .75 just over a week ago...
The market is doomed tomorrow if the Fed cuts by any less... if they do, it's time to go short the market again. |
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| ninetyninej |
| quote: | Originally posted by diskodave
I can't believe investors are expecting a .50 point cut after the Fed cut rates by .75 just over a week ago...
The market is doomed tomorrow if the Fed cuts by any less... if they do, it's time to go short the market again. |
yeah, expecting a combined 1.25 cut in just 10 days is ridiculous. tomorrow will be interesting to see whats done and how the market reacts. i think though, considering where the market is, that we'll only see 25bps cut.
House Passes $146 Billion Economic Aid Package
2008-01-29 — nytimes.com
``But on Tuesday, Ms. Pelosi said that her personal support for some of the proposals being floated in the Senate was secondary to the urgent need to secure a short-term stimulus plan, without vastly increasing the national debt since all of the money to pay for the stimulus plan will be borrowed.'' -- Can't we just direct a tax at those making $100M/yr or more? I think that'd catch most of the Wall Street and lending kleptocrats...
http://www.nytimes.com/2008/01/29/w...&hp&oref=slogin
"The Senate plan does not include the proposal by the House to increase the limits on “conforming” mortgages that can be bought by Fannie Mae and Freddie Mac, or insured by the Federal Housing Administration."
pfft,they really need to lift, even if just temporarily, the conforming limit to $729K like proposed. this will make a huge difference, especially in CA where i find so many buyers that can't get financed because its a jumbo loan. :< |
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| diskodave |
| Fed cuts by half point... |
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| 2tall |
| i miss trading... might get back in a bit next week |
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| stefanoc |
it might have been a better idea to first check the job report of friday and then cut rates if necessary.
its funny how dependant the market is on the fed. all articles for the past two days are 'dow stalls as it waits for the next fed cut'. way to put more power in the government's hand. sounds like hypnosis to me. |
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| 2tall |
| i just hate how the analysts "dare" the fed to cut the rate more than a quarter, with the childish "oh, if they don't cut it by .5 we're all going to have a fit"... and then the fed kind of calls their bluff... and now the analysts will need something else to bitch about.. |
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| ninetyninej |
| quote: | Originally posted by 2tall
i just hate how the analysts "dare" the fed to cut the rate more than a quarter, with the childish "oh, if they don't cut it by .5 we're all going to have a fit"... and then the fed kind of calls their bluff... and now the analysts will need something else to bitch about.. |
+1
and say goodbye to your dollar everyone:
CURRENCIES
VALUE CHANGE % CHANGE
EUR-USD 1.4902 0.0124 0.84
wonder if we'll see the eur-usd hit 1.50 before this month ends :< |
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| djGT |
| quote: | Originally posted by diskodave
Fed cuts by half point... |
More Reductions Possible
:wtf: :crazy: :wtf:
Even with the rate cute, the DOW still closed lower than it opened. :nervous: |
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| ninetyninej |
| quote: | Originally posted by djGT
More Reductions Possible
:wtf: :crazy: :wtf:
Even with the rate cute, the DOW still closed lower than it opened. :nervous: |
yeah, despite all the pressure by wall street to drop 50bps, they dow still closes down 37pts. lol!
could be worse, we could be in japan where the economy has been knee deep in for years and the bank of japan either just has, or is just about to, lower rates again down to 0.5% :wtf: |
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| diskodave |
| quote: | Originally posted by ninetyninej
yeah, despite all the pressure by wall street to drop 50bps, they dow still closes down 37pts. lol!
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It appears from today’s action in the market that we may be headed for another ugly downturn in the near future. The FED cuts rates by a half a point and the market barely reacts. In fact, it seems that there were no new buyers what-so-ever after the announcement and it was purely short sellers covering... investors have come to terms that our economy is no where in decent shape and the consistent rate cuts show storm clouds ahead. The buying power in the overall market is getting pretty weak as the short interest has been increasing. The risk of holding long is becoming too high on most stocks, which is turning many traders to short sell. Again, this is just what I see... but this shows that the market may take another big hit very soon. We’ll see :) |
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