Oh boy here we go again: CNBC. Are you posting anything else at all other than how stupid all those guys on CNBC are and how you told everybody for months how übersmart you're yourself?
FF futures are backing off. I think you are wrong in assuming anticipation of rate cuts is driving things. I think stabilization of the credit market is the key - much more important. Even the 90 day t-bill (which scared the hell out of everyone on monday) is almost back to 4% yield. also -- have you looked at earnings?? awesome #s everywhere. thats not what happens in recession. Take the tinted glasses off -- you'll see anything that looks recessionary on the face of it in the US is completely undone by asia rampup and consumer spending. Today's advance decliners is 2550:740. Getting better as we speak. Eventually these fade the opens (or fade the buying sprees) will turn into trend following. Bears probably won't change their mind til we hit 1520.
Non issue. The FOMC has been active in policy changes since that date. If the FOMC had done nothing between aug 7 and the minutes release, then I agree with you. But not the case.
You bulls get a few days of upside momentum and think that everything is better. Dont let a day with triple digit gains fool you.
LMAO the ES is 100 handles higher intraday in a week and you're talking your religious bulls and bears nonsense. There's money to be made and this week - so far - it was on the long side. Keep watching CNBC.
CNBC keeps talking about liquidty and credit problems, home problems, volatility, and slowdowns. In reality as I have said all last week there are NO problems. Time 2 buy