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To: joseffy who wrote (37415)3/10/2008 6:55:05 PM
From: Bucky Katt  Respond to of 48461
 
And let the Wall Street crooks win? Doing well index short, but thinking the FED will do some bs type of move and be the catalyst for a rebound, but it won't last.

Bottom line, the FED is starting to panic, the real world numbers are beyond rotten, just like a delinquent sub prime mortgage...

Message 24260377



To: joseffy who wrote (37415)3/10/2008 8:49:00 PM
From: Bucky Katt  Read Replies (2) | Respond to of 48461
 
An example of looking at the market with utmost untrustiness/untruthyness. These are Mar $68 IWM Puts


Same deal in the RUT poots



To: joseffy who wrote (37415)3/11/2008 8:37:08 AM
From: Bucky Katt  Respond to of 48461
 
There is the FED move I was talking about yesterday.
Futures spiking big time. Best guess is a rate cut will follow at the next meeting later this month.

To promote liquidity and "foster the functioning of financial markets more generally," the Federal Reserve said Tuesday it's expanding its securities lending program. The Fed will lend up to $200 billion of Treasury securities to primary dealers secured for a term of 28 days, rather than overnight, as in the existing program. Securities will be made available through an auction process. Auctions will be held on a weekly basis, beginning on March 27. The Federal Open Market Committee has also authorized increases in its temporary reciprocal currency arrangements with the European Central Bank and the Swiss National Bank.

Interesting times...