Bob Brinker, Moneytalk and Marketimer Message Board

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Strategies & Market Trends : Bob Brinker, Moneytalk and Marketimer

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To: Kirk © who wrote (2023)	3/18/2008 9:44:45 PM
From: Boca_PETE	Read Replies (1) of 2121

Kirk: This story about the re-assignment of BULLISH forecaster, Abby Joseph Cohen, sounds like the opposite of the Wall Street Week dismissal of BEARISH forecaster, Gail Dudack near the peak of the 1990's NASDAQ bubble. As I remember, shortly after her firing, the market peaked and started its bear market decline. If we get the reverse outcome, Abby's re-assignment could market the beginning of a stock market recovery. I'm very encouraged by the FED;s granting of expanded authorities to FANNIE MAY and FREDDIE MAC to repurchase mortgages. This could drive down mortgage interest rates making homes more affordable and stem the decline in home prices. Together with the newly established aggressive FED pattern to arrange shot gun marriages of failing banks with strong banks whereby the shareholders of the failed bank take maximum responsibility for their bank's losses, IMHO, this expanded mortgage re-purchase authority is VERY exciting news, indeed. P

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