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Politics : Welcome to Slider's Dugout

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To: TH who wrote (6113)	8/20/2007 11:17:35 PM
From: SliderOnTheBlack	Read Replies (3) of 50547

re:["You always give me something to think about."] Sometimes I give myself something to think about.(vbg). Here's something else to think about... Bernanke played a beautiful hand on Friday. It was a hand that played out on three levels. 1. The beauty of utilizing the mechanism of opening the discount window. 2. Timing - announcing pre-open. 3. Leverage. Inflicting max pain on the shorts and thus max leverage on the markets...while keeping his Ace card still in his pocket. If you are short...and you realize the market has priced in a virtual 100% chance of the Fed cutting rates in September... you'd have to ask yourself - if he used the element of surprise so effectively once... why wouldn't he use it again. Why not leverage the move once again... by inflicting max pain to the shorts - again. And the way to inflict max pain and gain maximum leverage to the move - is to do a "surprise" cut. Cramer's calling for "as early as tomorrow." Well, Bernanke is reportedly on the phone as we speak... Not a day to be sleeping in tomorrow. ;) SOTB

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