Jim, if the past is an indication, a 50 basis point cut by Alan & co may lead to a quick 2 day market burst.
Then a selloff, and then back to choppy trading. A 1/4 cut and it may really take the pipe, because the street has decided they need a 1/2 point to keep "investors" interest in stocks.
I am not saying this is what will happen, I don't know what will happen, but this has been the past pattern, but sometimes they change.
And cutting rates isn't the answer anyway. Will lead to more problems (and opps) in other areas.
I would like to see ORCL at 12 bucks, that would make me happy...I read through their report, they are in trouble, the SEBL's of the world are eating them...and the MSFT's are eating them...
the 15 puts are a 50% loss right now, but I have a month, and things change, and my dow, ndx and spx puts make up for that by 100 fold...this minute anyway..Mideast news may have something to do with the markets today, but we have talked about that in the past, always the wild card to insure against.
We talked about DELL puts a while back, did you get any?. |
