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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (8394)	11/8/2007 3:06:55 PM
From: Augustus Gloop	Respond to of 33421

Time will tell...we just have differing opinions and thats ok. Longer term we'll be fine but right now I think we could slip off the edge

To: Hawkmoon who wrote (8394)	11/8/2007 3:17:43 PM
From: estatemakr	Read Replies (2) \| Respond to of 33421

".....primary job of the Fed is to make sure that banks don't fail...." Wow, I've never heard that one before. Whatever happened to the concept of "control inflation" ?? I thought that was job numero uno?? What if the Fed just decides to not "save" the moronic individuals that have mortgages they could never afford and the moronic banks and lending institutions that gave them the money! Hard to see the dollar collapsing further here. Maybe the Fed stands pat and it's time to short oil and the Euro??