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Politics : Welcome to Slider's Dugout

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To: Fun-da-Mental#1 who wrote (6272)	9/5/2007 10:00:38 AM
From: SliderOnTheBlack	Read Replies (2) of 50751

re:["I think the market will have a last gasp in anticipation of rate cuts, and then it's goodbye."] I thinks that's what the bears said about...900 points ago: Surely, the expectations of rate cuts are baked into the cake right here - right now. And in the very short term, there's really not a lot to drive the market higher. Major bottoms always need to be retested. We may not retest the 12,518 bottom, but surely the 13K Dow line will be tested here. But, that's not my main point. I'm just curious as to how the bears rationalize how and why the market just rallied 900 points on "rate cut" expectations when the main pillar of their previous arguement was that the Fed was "trapped and could not and would not cut rates"? And! - the Fed still hasn't cut. Yet all three major U.S. indices still managed to rally above both their 200 and 50 dma's - directly into what has been called everything, if not "Armageddon." 900 points on mere expectations of a rate cut... on "anticipation of - and not in reaction to". What a concept. -- whodathunkit? Did anyone learn anything from this? You know... with all this talk about "getting an education" here... I'm just curious (vbg)? SOTB

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