John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Hawkmoon who wrote (8925)	3/12/2008 8:55:56 AM
From: Stoctrash	Read Replies (1) of 33421

Don't fight the FED, an olde but a gooddie....they pulled a new move and everyone applauded. They had to, some banks were on the brink. Now what? I don't see this as a LT fix....but who knows, we've got a lot of guns, paper money, debt, porn-stars, & beer ....and the World likes that! Bear Market rallies are like this...they keep bringing hope only to drip and melt away. fwiw..Oil didn't move lower, gold was flat..? Here's my analogy for now on the FED's move yesterday: "We gave the old dogs (banks) a few viagras so they could get busy (not fail). Now when that wears off, what do we give them next to fix their long term illness."

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