Discussion in 'Trading' started by empee, Nov 19, 2007.
Be honest, you thought this was a myminitrading thread, didn't you?
What was that saying from the bulls in the last 6-8 weeks.
Dont fight the fed???
I guess that doesnt apply to this market environment.
Dow is off 1000 points from those past days after the rate cuts.
If anyone thinks a rate cut is going to fix the credit market or housing downturn you have to be kidding yourself, rate cuts arent the answer. There really isnt any alternative now because every alternative has been used. The 5 year bull run has ended, enter the bear.
They have to let the market run its course.
We need to go another 158 points down. At 12,800, Stock Trad3r has promised to delete his account.
to be fair, he only promised to delete it if we enter a bear market, which for him would only be once we start to test the 1929 lows.
Anyone have the link to what he posted? Not like he'll live up to his work in any regard whatsoever, but it's fun to see him eat crow.
Exactly, cutting the rates along with adding billions of dollars over the last 6 months was the worst thing they could have done, leaving it alone would have been the best way. Injection billions of dollars only added more problems. Liquidtiy was drying up by added more money and creating more liquidity all they did was inflate bubbles in other asset classes.
If you think this is a bear market (at this point) then you haven't seen nothing yet.
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