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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Mike Johnston who wrote (88165)10/30/2007 8:42:59 AM
From: westpacific  Read Replies (1) | Respond to of 110194
 
Gold running, dollar in collapse, oil pricing in weaker dollar.....

FED will stand pat.

Market will test mid 12,500 into December. Dollar back to the 82/84 area. Oil back to 78 area.

Then have a big rally back to the 14K level when the FED cuts at the meeting to come end of year.

The FED cannot ignore oil (68 to 93 in 3 months/ 84 to 94 in past 4 days!) and dollar near term, these are much bigger a problem over housing for now. Rates will do nada for pricing this subprime CDO garbage - that was proven this week with the 15% loan of 75M.

West