yousef and tippet--
the running debate is interesting...let me add a few things...
there isnt going to be a rate cut. the economy is still strong, wage inflation is a possibility, though this is offset by commodity price declines. however, the ability of US companies to raise prices to cover competition from overseas and wage increases and increase earnings is NON-EXISTENT. this is bad for the economy.
the market has already given the rate cut with the flight into bonds.
as for enthusiasm in the market...people are about to learn that markets go up and down. yousef, you may not want to acknowledge this...personally, i dont care...but, IMHO, you should be some october expiration puts ont he DJX, OEX and NDX for some downside protection, and shift at least 25% of assets into a good bear fund like RYURX.
this isnt the end, its a short term thing. but you have to remember that markets go up and down, and you make money in both directions. in fact, its exactly like MU<G>.
good luck to all,
trey |
