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Politics : Welcome to Slider's Dugout

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To: Broken_Clock who wrote (6442)	9/18/2007 8:52:08 AM
From: RonMerks	Read Replies (4) of 50014

Broken Clock, Re- 'the housing/debt crisis' You, Jim and a few others here have all made some great points. But, I think you are all missing the 'MAIN' point. And that is- that you're telling us what we (and the market) already know. The markets have already priced in everything you've all been posting and talking about. It's the unknown and the fear of the unknown that will tank the market. I think that's the reason the bears have been frustrated and the DOW is only 4% off it's ALL TIME HIGH here. On the Fed meeting- I don't think it matters much at all what the cut is- as much as what they talk about in the Fed minutes. And on top of that- I think what Bear Stearns, Goldman and Bank America say- will be even more important than what the Fed does- rate cut-wise. The market wants to turn the unknown- into the known; and how the market reacts this week will be determined by how much information comes out of the Fed and the Financial players. Just my .02 cents. Great discussion lately by the way, and we are actually all getting along rather well- of course I've been warned (3 times) <vbg>. Ron

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