LOL. In total agreement. This idiot takes his cue from the stock market, if its down, he makes one of these Fed market tampering moves, trying to put a floor on the market. Artificial support for this crap market just prolongs the pain, idiots who bough the suckers' gap up are already feeling the pain. More pain ahead, with methadone hits along the way to make the patient feel better for a few hours, then more pain. Market is hooked on Fed actions(methadone hits), they need more and more or the body goes numb and decays.
Correct - but you have to admit this has led to premier level trading. When else can you go LONG the 1274.00 level one day after the close and then see 1310.00 the next morning!!!
Bear Stearns likely ruined a monster day. We still have two hours. I am looking for a volatile close, with a + 300 DOW and + 34 SPX day. nitro
That's a bullish sign not bearish for the overall market. Think about it. BA holding back YM a little. Boeing crying over losing the large deal. If we have a V bottom (or at least a W), I can't imagine a company more poised to kick major butt. nitro
After todays events anyone doubting how serious the financial situation is in this country needs to be in a straight jacket.
Called me an idiot eh? I get a cushy job handing out billions in free money to all my rich banking and industry friends. The middle class and their savings get screwed but who cares? - they won't even see what happened. Maybe we'll run a few news stories and blame you greedy speculators. Now who's the idiot? Sincerely, Bernanke
martha stewart was making leek soup yesterday and said there would be a run on them tommorrow arrest her