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To: Secret_Agent_Man who wrote (353085)1/10/2008 4:44:28 PM
From: Real Man  Read Replies (2) | Respond to of 436258
 
He should have said that 15 years ago. Now there is
a choice between the currency and financial meltdown and
trying to postpone it. -ng-

There will be a choice between depression or hyperinflation
after it happens.



To: Secret_Agent_Man who wrote (353085)1/10/2008 4:45:48 PM
From: Secret_Agent_Man  Read Replies (2) | Respond to of 436258
 
The worse the news gets, the more the DOW makes like a rocket when it is down for the count. The DOW was due sharply lower this morning due to stinky US retail sales numbers.Then, it rallied sharply due to rumors of a Fed rate cut, fell apart again, only to go up almost 200 points on word Bank of America was going to bail out Countrywide.
The DOW finished up 118 to 12,853 and the DOG gained 14 to 2448.

It's nuts. Planet Wall Street bulls have pointing to the US jobs numbers and vibrant consumer to keep their party going. Yet both are quickly deteriorating. The only thing moving this market to any degree is the PPT, who attracts the momentum crowd. One big Dog and Pony show.

The news is BAD. The only fix is more and more bailouts and a dramatic cut in interest rates which will kill the dollar and fuel inflation



To: Secret_Agent_Man who wrote (353085)1/10/2008 5:09:39 PM
From: Giordano Bruno  Respond to of 436258
 
stockcharts.com



To: Secret_Agent_Man who wrote (353085)1/10/2008 5:30:38 PM
From: NucTrader  Read Replies (1) | Respond to of 436258
 
Jim likes to short stuff. Hasn't learned: "Don't fight the Fed", LOL!



To: Secret_Agent_Man who wrote (353085)1/10/2008 11:01:58 PM
From: Real Man  Read Replies (3) | Respond to of 436258
 
How about a 100bp surprise cut next week? It's options
expiration. We have a nice tradition of such actions -g-