Posted 10 August 2004 - 11:00 AM
Mr. Market is trying to convince hisself that he already discounted the quarter-point hike.
I knew it in my gut when I got up this morning.
Forty-five dollah oil and the ratcheted-up pressure on the carry trade are going to trump Mr. Market's happy-face act, I think.
Has anyone else noticed that the "zero percent for x months" offers from credit card lenders such as MBNA have stopped cold? What's Joe Six gonna do, to roll over his $30K balance?
Ya, but I still got 6 months of interest free money with which to short the crap out of this market. Thanks Mr. Magoo, I appreciate it.
One day sometime in the future he'll [Cramer] come blubbering and whimpering on air half naked and smeared with his own feces. It'll be the buy signal of the decade. --PhatBubble
One thing I think is certain. The more the world's central banks act to suppress the cost of long term capital, the more of it the market will demand, thereby keeping upward pressure on yields until the CBs have no choice but to relent. At that point we should see a massive final blowoff similar to that which occurred in 1980 and 1981. --Doctor Stool
In a topsy turvy world, growing more and more insane by the minute, terminal eccentricities, like buying Fanny, are barely noticed--Beardrech
"[George W. Bush] is Woodrow Wilson on amphetamines." --Patrick J. Buchanan
"I simply don't know where the money is." --John Corzine