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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: kidl who wrote (88261)	8/12/2007 11:59:06 AM
From: I_C_Deadpeople	Respond to of 313620

Richard Russell says Cramer just sounds like someone on the wrong side of the market.

To: kidl who wrote (88261)	8/12/2007 12:11:52 PM
From: ACAN	Read Replies (2) \| Respond to of 313620

kidl; Cramer got what he wanted, the discount window is open, and, The Federal Reserve Issues Extraordinary Saturday Statement Saturday, August 11, 2007 economicsbriefing.com The Federal Reserve Issues Statement In the face of liquidity crisis in the mortgage securities sector, the Federal Reserve has issued an unscheduled statement advising that it will continue to provide liquidity to the markets. translation: We have the printing presses working overtime: The Federal Reserve is providing liquidity to facilitate the orderly functioning of financial markets. The Federal Reserve will provide reserves as necessary through open market operations to promote trading in the federal funds market at rates close to the Federal Open Market Committee's target rate of 5-1/4 percent. In current circumstances, depository institutions may experience unusual funding needs because of dislocations in money and credit markets. As always, the discount window is available as a source of funding.