Bernanke and Paulson are actually a lot smarter than everyone here on ET think they are. The "trap" is set. Next week could very well be spectacular. :eek:
I forgot the fed wont lower rates so that oil and the rest of the commodity bubble can drift lower.....all i know is there is an 80% chance of a 25% rate cut, wallstreet may cry if they dont get that last rate cut to 2%.
You watch way too much TV. Ever thought of getting a job on CNBC instead of spending your entire day "regurgitating" the new from CNBC with posts on ET? CNBC might just pay more than ET.
Bulls are crying for a close above 1400 on the S&P, again if there is no close above that level I guess its all up to MSFT for the markets to break out once again....or are we going to be stuck in this 1000 point trading range for another few months....
Markets will close red today. If not I will never post a market prediction or comment on market conditions again.
Good luck with your prediction. Looks like you will need it: http://www.elitetrader.com/vb/showthread.php?s=&postid=1895158#post1895158