CLEARLY 13,400 WAS THE "GO TO" NUMBER...FOR THE MARKET MASTERS...
BUT WILL THE MARKET RALLY WILDLY ON THE FED CUT...OR WILL IT BE GIVE BACK TIME NEXT WEEK...
I'M NOT SO SURE THE RATE CUT WILL BE A POSITIVE THING FOR THE MARKET OR THE ECONOMY ...WHEN THE "SECOND THOUGHTS" START TO ROLL IN... HOW BAD IS THE CREDIT COLLAPSE...? WHAT DOES THE FED KNOW THAT WE DON'T...? CAN RATE CUTS EVEN SOLVE THE PROBLEM OF BUBBLE PRICING IN ASSETS... WILL OIL AND GOLD CONTINUE UP...AND IF SO...THEN WHAT FOR THE FED...
THIS FED COULD BE IN A 1968-1971 SITUATION...AT SOME POINT THE DOLLAR WILL BECOME A FACTOR... REMEMBER THE DOLLAR WAS "THE FACTOR" IN THE 1970'S DEBACLES...EVEN IF THE MSM MANAGED TO SPIN THE BLAME TO OTHERS...LIKE NASTY ARABS...
THERE ARE PLENTY OF SCAPEGOATS THIS TIME TOO... BUT SCAPEGOATS DON'T SOLVE THE PROBLEM...THEY MERELY GET THE ELITES OFF THE HOOK WITH THE PUBLIC...
