soup Posted June 25, 2003 Report Share Posted June 25, 2003 The sooner they admit that they have totaly Fu#### up the better off both the economy and the stock mkt will be. There is no way around the neccesary liquidation. Perhaps they can push it off for a while longer, but that will just make it worse at the day of reckoning. Link to comment Share on other sites More sharing options...
FeedFool Posted June 25, 2003 Report Share Posted June 25, 2003 An hour from now, one of the great follies of the 21st century will take place. It's like having a front row seat at a staged train wreck, as an LNG train collides head-on with a freight express loaded with dynamite. The perfectly foreseeable consequences are ghastly -- namely, the destruction of the American middle class. But if you subscribe as our 'leaders' do to the Janis Joplin worldview ("it's all the same f***in' day, man"), then you can sit back and enjoy this as a kind of warped entertainment. A fly on the wall told me that Ben Bernanke started rubbing his hands together over the cherry wood conference table, shouted "Oh man, is this gonna ROCK!!!!" and began pumping his fist in the air before a staffer restrained him. He's planning to run victory laps around the room after the rate cut is announced. Ben Bernanke is making his move to take over Sir money printer chair. Then he is going to burn the house down. Link to comment Share on other sites More sharing options...
soup Posted June 25, 2003 Report Share Posted June 25, 2003 CA: Good point. Link to comment Share on other sites More sharing options...
BartTheBear Posted June 25, 2003 Report Share Posted June 25, 2003 bart: why would 75bp be bullish for stocks? I don't think it would be. Most bullish IMO would be no change in short term rates, and a policy statement to the effect of "the fed stands ready to inject..." yadda yadda yadda. This could happen too. Perhaps that explains the treasury market weakness. Link to comment Share on other sites More sharing options...
Bearbones Posted June 25, 2003 Report Share Posted June 25, 2003 Whatever is done today remember that the Fed is farting into a hurricane. At this point they only want to assure that they are heard. Link to comment Share on other sites More sharing options...
soup Posted June 25, 2003 Report Share Posted June 25, 2003 Feed: That is what they do best. Throw gasoline on a raging fire. Link to comment Share on other sites More sharing options...
ThorAss Posted June 25, 2003 Report Share Posted June 25, 2003 My guess? I'll go with the boring 25 BP Link to comment Share on other sites More sharing options...
BartTheBear Posted June 25, 2003 Report Share Posted June 25, 2003 EVERYTHING is bullish for stocks...if you don't be;ieve me, turn on Crapvision Of course on the other hand, Crooked you have a point. Link to comment Share on other sites More sharing options...
machinehead Posted June 25, 2003 Report Share Posted June 25, 2003 Ben Bernanke is making his move to take over Sir money printer chair. Then he is going to burn the house down. That's what happens when little boys play with matches. Link to comment Share on other sites More sharing options...
FeedFool Posted June 25, 2003 Report Share Posted June 25, 2003 bart: why would 75bp be bullish for stocks? 31/4 point cut would be bullish for the speculators since Sir money printer will give money to take away the newly printed toilet paper. It will not help the economy or the industrial production but speculating will get cheaper. Link to comment Share on other sites More sharing options...
AgentSmith Posted June 25, 2003 Report Share Posted June 25, 2003 Check out old glamour queen SSTI - why shouldn't I dong this with Al G. behind me. Nice rounded bottom...cup/handle formation looks to be.....adx starting to flash a buy, stochastics bottoming....am I mad? Flash maker...opinions? In fact, I see lots of stocks that are looking ready to go up. C'est incroyable! AS Link to comment Share on other sites More sharing options...
wndysrf Posted June 25, 2003 Report Share Posted June 25, 2003 Nasdaq remains pinned up against the bottom trendline. Speculators are anxious for Al Green to grease the skids for a new moonshot to new highs. Never before have I seen so many on edge. Never before has so much leverage been used in order to "catch up" and "not miss the big move" Link to comment Share on other sites More sharing options...
Metamucil Posted June 25, 2003 Report Share Posted June 25, 2003 Finger on the trigger for a high beta play....Nintendo style...... Stop will be at purchase. Link to comment Share on other sites More sharing options...
soup Posted June 25, 2003 Report Share Posted June 25, 2003 one thing I do know; I do not have a clue how the mkt will react when the statists speak. Link to comment Share on other sites More sharing options...
machinehead Posted June 25, 2003 Report Share Posted June 25, 2003 Besides the size of the rate cut, the bias going forward is important too: Expected: 25 bps + easing bias OR 50 bps + neutral bias Stingy: 25 bps + neutral bias Generous: 50 bps + easing bias Link to comment Share on other sites More sharing options...
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