Fed officials, now Polise and Reed wanting to speak with the Prez about fiscal stimulus. More than anything it's the politicians who meddle in the market. They should just let the free market run itâs coarse and stay the hell out of the way. Lets see who else grand stands today.
The Fed just needs to get the rate cut out of the way. All this posturing annoys both the bulls and bears. I think Bernanke pulls the gun out next week intraday with a 50 bp bopper aimed straight at the chest of the shorts. The Fed are a bunch of swing traders.
Fed won't do much unless Goldman Sachs stock price starts falling fast. Just watch GS stock price if it stays frim fed will wait till the meeting to cut.