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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (921)	9/11/2007 10:41:41 AM
From: stan_hughes	Read Replies (1) \| Respond to of 71456

The market should be careful for what it wishes for -- I honestly don't think you will see 100 bps cut unless it is also true that the Fed sees we are plunging into a serious recession, which as discussed here earlier, will be 'after the fact' by definition -- in which case rate cuts will be of little comfort to the stock market, even one as deluded as this one has become. Rate cuts especially in the early stages of a recession are largely impotent anyway in terms of funnelling money toward loans that might increase economic activity -- banks will just hoard the cash and use it to cover up yesterday's mistakes -- and there hasn't been even remotely enough time pass since this credit crunch started or enough of a washout of the over-leveraged to allow the re-building of enough confidence that would permit things to be cranked back up again. The foundation is rotten, and too many people know that now. At this stage of the bubble, once she goes, she goes down big, and she won't get back up for a very long time