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


To: Smiling Bob who wrote (109087)3/11/2008 2:30:31 PM
From: BWACRead Replies (1) | Respond to of 306849
 
Don't forget that you also have a potential runup into the Fed Fool meeting next week with to contend with. Trading algorithms need to level positions by early next week, so they can be set up for maximum theft prior to the next markIT target/event.



To: Smiling Bob who wrote (109087)3/11/2008 2:38:39 PM
From: Think4YourselfRead Replies (2) | Respond to of 306849
 
re: Fed more interested in illusion than reality.

Must confess that I don't understand this comment. It seems to me that the fed's action should actually HURT the stock market. Their highly focussed targeting of a specific problem doesn't directly help the markets, other than specific financial companies. It also means that they aren't likely to cut rates as much next week, which may actually hurt the markets.

My WAG is that DOW closes above 12020 and S&P is above 1308



To: Smiling Bob who wrote (109087)3/11/2008 5:39:01 PM
From: HawkmoonRead Replies (2) | Respond to of 306849
 
They know that if today's sleight of hand action doesn't stick, all bets are off.

Well.. if you're still perceiving it as "sleight of hand", you're in for a world of financial pain, IMO.. (at least for a few months)..

It will stick because this is a COORDINATED effort by multiple Central Banks..

If it were just the Fed, I might be more inclined to agree with you.. But you get the leading global central bankers all in some form of agreement and you're just crazy to beat your head against that financial wall..

Remember.. they can create money.. We can't.. And they'll do ANYTHING to preserve the global financial system..

And if that means they have to absorb the "shadow banking" system, they'll do it.. In fact, I think that's what they want..

Hawk