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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Qualified Opinion who wrote (75828)	6/22/2007 11:01:34 PM
From: Real Man	Read Replies (3) \| Respond to of 94695

We'll see. The market is down only marginally with all the problems and blow-ups in CDO derivatives. I guess it is conditioned to expect a strong printing response, which always occurs, and always drives stocks higher. See what April, 9 through May, 3 Fed series of coupon passes (8 bln. in total) did to the markets? The Fed sure can, and will do it again soon - they do it every time! I don't believe a BK is possible, unless all this printing causes a very different market response - a spike in interest rates, and a severe drop of the dollar. We are due for a correction. If rates come down (significantly), this will be a buyable dip. Moreover, 14% M3 growth can even bail out the housing bubble. No, the gains are not real - they are due to the drop of the purchasing power of the dollar.