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


To: blind-geezer who wrote (12240)10/31/2007 3:07:30 PM
From: Smiling Bob  Read Replies (4) | Respond to of 19256
 
Only a MAJOR crisis on par with nuclear war will knock this market off its tracks.
On another day, this would have done it.
But another day has come and gone.
No more rate cuts for WS.
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The panel said in a brief statement explaining its action that the Fed after the second rate cut judges that "the upside risks to inflation roughly balance the downside risks to growth."

By stating that risks are now roughly balanced, the Fed could be signaling that it judges that further rate cuts will not be necessary.



To: blind-geezer who wrote (12240)10/31/2007 3:17:55 PM
From: Gush  Read Replies (1) | Respond to of 19256
 
I'm not so sure.. I suspect we rally until January.