Ben just screwed himself and this market

Discussion in 'Trading' started by detective, Jan 22, 2008.

  1. Actually, if you look at the fed fund futures for Feb08, there is already an expectation for a further 50bps rate cut I guess.
     
    #21     Jan 22, 2008
  2. I believe Marty Zweig said this. He also coined "the trend is your friend." He also used (and maybe still does) a composite approach that looks at Fed/monetary policy, overall trends and a few other things. That's the key.

    If the Fed is still cutting after there's evidence of a bottom and a new rally starting (Spring/Summer 2003), I agree. Don't fight the Fed when the trend is also your friend. But if you followed the "don't fight the Fed" mantra starting in Jan '01, you'd wait over 5 years just to break even (S&P 500 was in mid-1300s at that time).

     
    #22     Jan 22, 2008
  3. LT701

    LT701

    yup, he did

    he also said 'buy Global Crossing' on wall street week, early october 2000

    --> OOPS

    (too bad he didnt also believe in not fighting stock market sector crashes)
     
    #23     Jan 22, 2008