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Strategies & Market Trends : Can you beat 50% per month? -- Ignore unavailable to you. Want to Upgrade?

To: Smiling Bob who wrote (12067)	10/22/2007 1:48:07 PM
From: Smiling Bob	Read Replies (1) \| Respond to of 19256

The probable cause of the market's changing course today --- Fed Official: Bank Will Protect Economy Monday October 22, 11:34 am ET By Jeannine Aversa, AP Economics Writer Kroszner: Federal Reserve Will Act As Needed to Protect US Economy From Market Turmoil WASHINGTON (AP) -- The Federal Reserve will do whatever is necessary to prevent damage to the economy from the credit crunch that has gripped Wall Street, a Fed official said Monday, warning it will take time for financial markets to fully recover from the strains. ADVERTISEMENT Fed Governor Randall Kroszner's remarks came as fears about the credit crunch and a painful housing slump have gripped investors in recent months, causing stocks to nosedrive. Wall Street took another sharp plunge -- 366 points -- on Friday. The Dow Jones industrials were down again in trading Monday, though not as sharply as Friday. "The Federal Reserve will continue to monitor developments in financial markets and act as needed to support the effective functioning of these markets and to foster sustainable economic growth and price stability," Kroszner said in a speech here to the Institute of International Bankers. It is the same pledge that Federal Reserve Chairman Ben Bernanke and other central bank colleagues have been making in the past months. That is, to keep the economy growing and inflation under control. Some economists believe the Fed will lower an important interest rate at the end of a two-day meeting next Wednesday, to help bolster economic activity. But others, citing the economy's resiliency and worries about an inflation flareup, think the Fed will leave rates alone. Oil prices, which had surged to record highs in recent weeks, have eased a bit but are still hovering above $86 a barrel. It's a delicate situation facing the Fed. To prevent the ill effects of the credit crunch and housing troubles from sinking the economy, the Fed in September sliced a key interest rate by a bold one-half percentage point to 4.75 percent. It was the first rate cut in more than four years. Before that aggressive move, the Fed had taken other actions to deal with the credit crises, which had taken a turn for the worse in August. The Fed pumped billions of dollars into the financial system to help banks and other institutions get over the credit hump. It also reduced its lending rate to banks. "I should emphasize that the purpose of these actions was not to insulate financial institutions from the consequences of their business decisions, but rather to facilitate the orderly function of markets more broadly in the face of risks to the overall economy," Kroszner said. "I believe that this provision of liquidity has contributed, at least in part, to the recent improvements, we have seen in the functioning of financial markets," he added. Still, the financial situation is fragile, and it will take time for the markets to fully recover. "Strains ... persist even now," Kroszner said. Federal Reserve: federalreserve.gov

To: Smiling Bob who wrote (12067)	10/23/2007 11:10:48 AM
From: Smiling Bob	Read Replies (3) \| Respond to of 19256

JWN - 38.48 you look at this chart and ask yourself why it has risen almost straight up the past few years. Have they done something to warrant a tripling in 3 years or was the wealth effect the cause? Now the wealth has vanished. The triple should do the same Low 20's in 08 GES 53.11 another great short even shorter term LONG way down for them

To: Smiling Bob who wrote (12067)	10/23/2007 11:42:19 AM
From: Smiling Bob	Read Replies (1) \| Respond to of 19256

10/22/07 A day that will live in infamy --- 10/22/2007 FVUVP# OPTION EXPIRED 5 CONTRACTS OF FVUVP# $0.00 $0.00 $0.00 10/22/2007 FFPVI# OPTION EXPIRED 7 CONTRACTS OF FFPVI# $0.00 $0.00 $0.00 10/22/2007 FFPVH# OPTION EXPIRED 2 CONTRACTS OF FFPVH# $0.00 $0.00 $0.00 10/22/2007 CQJVJ# OPTION EXPIRED 25 CONTRACTS OF CQJVJ# $0.00 $0.00 $0.00 10/22/2007 FVUVC# OPTION EXPIRED 7 CONTRACTS OF FVUVC# $0.00 $0.00 $0.00 10/22/2007 FFPVD# OPTION EXPIRED 3 CONTRACTS OF FFPVD# $0.00 $0.00 $0.00 10/22/2007 FVUVL# OPTION EXPIRED 4 CONTRACTS OF FVUVL# $0.00 $0.00 $0.00 10/22/2007 FMQVH# OPTION EXPIRED 54 CONTRACTS OF FMQVH# $0.00 $0.00 $0.00 10/22/2007 FMQVI# OPTION EXPIRED 87 CONTRACTS OF FMQVI# $0.00 $0.00 $0.00 10/22/2007 FVUVU# OPTION EXPIRED 9 CONTRACTS OF FVUVU# $0.00 $0.00 $0.00 10/22/2007 FVUVX# OPTION EXPIRED 10 CONTRACTS OF FVUVX# $0.00 $0.00 $0.00 10/22/2007 FAHVH# OPTION EXPIRED 16 CONTRACTS OF FAHVH# $0.00 $0.00 $0.00