mb504
29 posts
msg #60576
- Ignore mb504 |
3/17/2008 4:11:34 PM
1) Give the Market what they want, risk another Dollar plunge.
2) Hold off on Cuts, Market tanks.
Note: Remember last Monday when the money flowed to the banks unexpectedly and surprised everyone? Do you think they knew something about BSC? I am looking for another suprise tomorrow (in other words they hold their position, throw maybe a tiny bone and market tanks....
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petrolpeter
439 posts
msg #60593
- Ignore petrolpeter |
3/18/2008 4:15:43 AM
Looks like their trying to kill the Bear by stuffing him with sugar,this should be interesting.Did they know about BSC?Probably.The National Observatory ought to warn folks when a black hole is approaching the EarthLOL.
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nikoschopen
2,824 posts
msg #60602
- Ignore nikoschopen |
3/18/2008 12:03:18 PM
Bernanke and Co. gave everything that the market demanded up to now. I highly doubt that they will do any different this time around. Haven't you also noticed that they go into a panic mode whenever the financial markets are near the 52-week low? It's almost comical.
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maxreturn
745 posts
msg #60605
- Ignore maxreturn
modified |
3/18/2008 12:22:45 PM
Niko, you're right. I like how Kevin Haggerty characterizes the fed as the PPT (Plunge Protection Team). This is just my gut but I believe if the fed only comes out with .5 point we'll see a selloff. Who knows...it might even sell off if it's a full point. The 132.5 level in the SPY is a very critical level. I'm sitting on the sidelines just waiting to see which way this puppy goes. Even if we get a very bullish day with a close above that level there's still a lot of overhead resistance to clear before I switch over to the bull camp.
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nikoschopen
2,824 posts
msg #60610
- Ignore nikoschopen |
3/18/2008 1:27:18 PM
S&P is already up more than 38 points. I wonder how much more room there is to rally even if the Fed was generous to give a full 1 point chop.
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maxreturn
745 posts
msg #60611
- Ignore maxreturn |
3/18/2008 1:45:52 PM
Niko, you've observed intraday action for a lot longer than I have. I woulda thunk that with such an OB condition (intraday) that this market would have been engineered lower in anticipation of the announcement. Your thoughts?
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nikoschopen
2,824 posts
msg #60613
- Ignore nikoschopen |
3/18/2008 2:11:34 PM
On a day like this, all bets are off. It's also worth noting that the fed funds futures is migrating from a 100bp cut to 75.
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