last wednesday after the fed cut mr. biggs was all excited about a melt up, that was about 400-500 dow points ago..... watch for 1492 on the s&p
Why because the stock market is slightly off its highs hahaha, dude if your thinking the fed is going to save you, you might want to consider another strategy. All the fed has done is cause commodities to soar.
sorry ..but i have a feeling the markets would go lower on any rate cut as our dollar would be in a tailspin ...
they do not care. paulson has already said a weak us dollar is good, bernanke will be willing to cut all the way to 1%. these guys already have foreign denominated bank accounts..yeeehaahhh cut cut cut