Softie,
Isnt this hilarious? Didnt the fed just say that they were cautious about taking anymore measures to cutting rates?
What I dont understand is that we havent even BEGUN to discuss foreign concerns..and they are out there. All this means is if we dont start NOW, we will have an even elongated recession because the market will not just forget other markets, and will deal with it later, thus putting an even further damper on our markets. Show me a time in the past when the US markets just looked the other way during global economic weakness?
I say now as Larry Kudlow does that the Fed needs to act agressively and act NOW..there is always time later to undo too many cuts, but cannot undo a lack of action. We either need more cuts or an easier dollar, or both. I also think we need a more progressive Fed, all these 50's economists are way out of the loop with a modern economy. Action is needed now, not 6 months from now.
I sure hope that we start dealing with foreign markets, I am very concerned about next year and a stagnant market due to foreign concerns..
Oh, on a better note, HLIT still looks great..I have some and think she goes to 12 in the near term and possibly 20 longer term..look at the chart and news..
GL |
