My take is that the market will be more bullish and driven up largely by inflation, that the dollar will remain weak to weaker (a highly favorable position for a debtor nation), that the economic picture is worse than we might have thought (essentially paint by numbers rather than a Rembrandt), and that a recession after the 2008 election is now highly likely. Who says the Fed does not care about the stock market?
The Private Bankers who own the Federal reserve are worried about the onset of the inevitable recession during the election year. All they're doing is extending the inevitable past the eleciton year.
Could somebody explain to me what the fed it trying to accomplish with this new fed funds target? Will this stimulate lending? Uhhh, no. I seriously don't get it.