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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Crimson Ghost who wrote (37794)9/23/2005 4:31:51 PM
From: patron_anejo_por_favor  Read Replies (1) of 116555
 
>>Looks like the downgrading of Rita may be a negative for the market as it will encourage the Fed to say the course.<<

I agree....we joke about destruction being bullish but with the way this Fed operates, it's exactly that. Since this storm won't be as bad as feared, we'll probably get a sell off next week in everything except energy.

Just proves that the market is all about liquidity now. The real economy matters not, it's flipping paper betweent the Fed, the FCB's and the hedgies. Everything else is noise (until it isn't, of course....)
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