Discussion in 'Trading' started by johnwifi, Mar 17, 2008.
Cut and/or major infusion will fix everything in the morning. Well, until next week.
MANY will have to understand that this will only work for so long, I think its coming to an end, you can only cut rates and inject so much money before the greatest credit crisis in history finally wins....It will win.
I believe the rate cuts and infusions will slow the dive and assist in the recovery, but these indexes are eventually going to end up where they will.
I have two targets on the SPX and that is either 1150 or the 2002 lows of about 750. I am more inclined to believe 1150 will be the low because the Fed is taking very aggressive action.
We shall see.
And you base this on having been on this planet for the last 25 years, or your 5,880 post count?
How do you know these things given your most "limited" amount of experience?
How many recessions have you been through?
Were you even born yet when Paul Volcker was Fed Chairman?
Separate names with a comma.