NOW BERNANKE CAN SAY: SLUMP? WHAT SLUMP?
NOTE WELL:
ONE "SIDE EFFECT" OF THE BIG PLUNGE PROTECTION RALLY TODAY IS THAT IT GETS THE FED OFF THE HOOK...IF IT DOES NOT LOWER RATES TOMORROW...!!!!
THE CRITICS WOULD HAVE GONE NUTS IF THE DOW HAD DROPPED AGAIN TODAY...AND THE FED DID NOT LOWER RATES THIS WEEK!!
THINK ABOUT IT...
THIS RALLY WAS ELEGANTLY PLANNED BY PLUNGE PROTECTION AND THE FED...TO GIVE THE FED A PASS ON ANY RATE CUT FOR AT LEAST ANOTHER MONTH...!!
