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IDS World Markets Fri 7th September 07


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The Fed+21 are running out of time if they want to jack the market pre-open this Friday.

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So here I yam, in the Kansas City Airport this morning, just travellin' tryin to make a living, some would call it that :) , and I walk by the Crapvision store /kiosk/ propaganda bureau, and all their big old plasma screens are showing futes down 15+ and change ... and they're all showing Bloomberg, not Crapvision.

 

Did Marky Haynes have a seizure and vomit on the set ?

 

This looks like a really good day to retire :)

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The Fed+21 are running out of time if they want to jack the market pre-open this Friday.

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I think next week is scam week. They'll probably pull one of those Burnanky Blindsides late in the week to put the screws to some of the ITM putz holders. There's still a lot of them out there.

 

I'm looking to get out of my putz today just so there aren't any surprizes.

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Actually, OpEx is 9/21, a few days after the fomc on the 18th, so take yer time. :D

 

And the nalow says it's a top.

post-2253-1189172123_thumb.jpg

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As predicted:

 

U.S. employment fell for the first time in four years last month on steep drops in construction and manufacturing payrolls, suggesting that the housing recession is starting to grip the broader economy.

 

The report will likely put pressure on Federal Reserve officials to aggressively cut interest rates, starting with its policy meeting on Sept. 18.

Wall Spin Journal

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The big question is what happens when they cut? :unsure:

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Yesterday

 

It's all about retail....

 

The consumer is strong....

 

No need for a rate cut....

 

Today

 

Employment in the toilet....

 

Consumer will be decimated....

 

Multiple rates cuts needed NOW!!!!

 

BWAAAAAAAAAAAHHHHHHHHHHHHH!!!!!!!!!!

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As predicted:

 

U.S. employment fell for the first time in four years last month on steep drops in construction and manufacturing payrolls, suggesting that the housing recession is starting to grip the broader economy.

 

The report will likely put pressure on Federal Reserve officials to aggressively cut interest rates, starting with its policy meeting on Sept. 18.

Wall Spin Journal

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The big question is what happens when they cut? :unsure:

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I stand by my prediction that the Dow will immediately drop 1000 points.

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