Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: John Chen who wrote (99202)	1/7/2008 8:22:21 AM
From: ChanceIs	Read Replies (3) \| Respond to of 306849

>>>Is helicoptor Ben done with the rate manupilation for awhile? Is the 'injection' done?<<< Just a reminder to the board - market memory is short. The morning press is filled with stories about a market rebound associated with the coming rate cut. I think markets do bounce upward - for a day or two - based on rate cuts. That might be written off as some short covering or timid souls on the fence deciding not to sell after all with the rate cut news. My main point - which can't be repeated enough - is that Greenspan did big cuts post 9/11 and on into early '02. The market tanked for the rest of the year with a severe blood letting into October '02. I haven't seen any mention in the press - at least the pablum press - recalling the nine month delay between the last cut and the bottom. Rate cut effects really aren't experienced for a year or so. The economy is different today and IMO rate cuts will only make things worse. Uncle Sugar's credibility is blown, and investors have other options. One reads a little about foreigners beginning to buy US real estate. That might provide a prop in the short term, but we continue to become a nation of debtors and renters.