Fed to the rescue?

Discussion in 'Trading' started by crgarcia, Aug 6, 2007.

  1. What's all this -nonsense- talk about the Fed coming to the rescue, lowering rates?

    From Jim Cramer to newsletters they all are begging a rate cut.

    Call Fed to the rescue? Why these people don't call spiderman, superman or some other superhero to the rescue?
  2. IMO, there is no way we get a rate cut. If we do, it will be the biggest mistake a fed chairman has ever made in recent history.
  3. expect a pullback tomorrow, crazy market .. fed cut, thats funny.. where do these ideas come from.. not happening any time soon imo..
  4. It's just the talk of a cut that will get shorts to cover. I remember in 2002 CNBC use to bring out Wayne Angel, the X fed governor to talk and tell everyone the fed was gonna surprise the markets with a rate cut, shorts would cover, then in a few days we were making new lows.

    Another good one was Osama had been captured boy that one was good for 300 points to the upside.