The 50BP Rate cut worked..

Discussion in 'Trading' started by PohPoh, Oct 5, 2007.

  1. Look at all those jobs they created...and in record time, no less....

    FF at 0 by 2008....!
  2. S2007S


    The rate cut was for wallstreet, if he did not cut by 50bp on Sept 18th the stocks would have been off another 5%+ right now, the rate cut was for wallstreet and nothing else.

    The revised August numbers should clearly paint a picture that there is not going to be a rate cut at the next meeting. No rate cut and the greedy will cry. Imagine if there was another loss of 5000 or 10000 jobs, the dow would be up probably 200-300 points on anticipation of another 50-75BP cut.
  3. Good answer, your hired, go work for the goverment. Thats what I call good spin.

  4. Its all rigged, just go long buy the dips you will never loose, forget stops, they just make you look like a fool.
  5. In my opine...the Fed was quite careless...
    I know it's been said, over and over, moral hazard, etc...

    But ISM isn't below 50...and though the trend is clear, I think they absolutely reacted too quickly...

    Where were the rate hikes when were creating jobs over the last 2 years?

    One month of bad data, and the Fed, lacking transparency (which is what really scares me), kneejerks...

    Just silly...

    This will all end very badly...
  6. Ten year yield up 3% today, consumers are going to get the shaft. While wallstreet gets the cheep discount rates hehehehe.
  7. Inflate or die. The fed is forced to keep this thing going just so it doesnt collapse around itself.
  8. Sure it worked, have you seen Goldman Sachs stock since the cut, just about back to the old high.

    Wow the treasury secretary a major stock holder in Goldman in charge of the nations money. T
  9. Why did the fed cut, take a look.
  10. S2007S


    and everyone thinks he is helping this slowing economy, hahahaha.

    Only helping wallstreet.
    #10     Oct 5, 2007