Monday, October 6, 2008

I Have Feeling

The Fed will not stay quite for much longer. They will not allow these markets to free fall in this manner for much longer. An emergency rate cut is in the works, you can be assured.

8 comments:

Sia said...

The Reserve Bank of Australia cut its benchmark policy interest rate by a percentage point to 6.0% from 7.0%.

But will a rate cut for us be meaningful? Either way, I am getting my list of heavily shorted and sold off stocks (check out my blog soon if you are interested). If we start to rally I will by buying these. I'll also be looking at the heavily sold coals (MEE, ACI, BTU). Oil is +2% in the futures market even though after hours trading does not always carry forward.

lelio said...

do you think we washed out today? it certainly felt like it.

J-Dub said...

Check the FFIP page on bloom. Rate cuts are coming.

Stewie said...

do i feel a true washout happened today? NO. do i feel like maybe a counter trend is in the works? YES. Have we seen the lows? Probably not. if the FEd cuts rates here, this tape will only get trickier.

Orange Trader said...

If this happens, we should see a huge reversal in USD.

lelio said...

well, what I meant to say by a washout was a low much like the one in january or march, good for a while but ultimately destined to fail.

Cliffynator said...

Hey Stewie,

A little off topic, but I just saw this and wanted to make sure YOU have seen it. Keep up the great work, man!

http://bigpicture.typepad.com/comments/2008/10/stewie-griffin.html

Stewie said...

lol. ya. that video is too funny.

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