he can cut it to 3% but it won't have any 'sustainable' impact on the hot stock market from a 'price correction' in housing and stocks andwill not put lid on inflation in commodities. low interest rates have only worked in stimulating growth in times of deflation.
The same reason I tell people who think the devaluation fo the dollar is good that maybe we can enjoy real prosperity if it would just sink faster!
Market moving speech took a while to move the market... but it did eventually. Sort of a delayed reaction tho...
A little hot Turkish action hasn't hurt either. Reality is slowly setting in. Now on with the sub-par earnings that have to be spun six ways to Sunday. Good reports are being sold off, markets are starting to look for excuses to sell this latest leg up on anemic volume. This bull is looking tired after too many days of forced labor in the fields. He needs more infusions of speed to keep him going, que Bernanke on Halloween. Good Luck!
Pffft the dog benanke is now on the side of the longs. He is no long concerned about inflation. slowing economy is bullish because it means nother rate cut slowing housing is also bullish
What isn't bullish to you? You should be a politician, the way you can spin anything to make your case is awesome.
these would be very bearish events: http://en.wikipedia.org/wiki/Existential_risk http://en.wikipedia.org/wiki/Human_extinction Assuming none of the above, this market has perpetual upside. I can come to no other conclusion because there is no compelling reason for the markets to go lower.
Stock, this is a serious question. In your opinion the normal business and economic cycles are no more? The economy is just going to keep growing with no more recessions? Come on you've got to be kidding me. The sheer amount of greed in OUR country is enough to ensure that there are going to be "disruptions" in all areas of our economy. Lets face it, most people do not want to work, they want the next get rich quick scheme, and we have business that will knock each other over to sell to these idiots, that in turn means from time to time our economy will contract and the mkts will correct, or worse.