Wednesday, January 30, 2008

Fed .50% Cuts are "RIGHT on the money """

Fed is on the side of the investors,business,consumers in a "big way"

Fed cut both rates by .50 basis on fed funds & discount rate......

What a gift to charge UP US & world economy.......

Expect a worldwide rally......

We should close near HIGH of the day $$$$$

Saleem
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6 comments:

  1. standardshighJanuary 30, 2008 at 2:21 PM

    Hi Saleem,

    WTF!?! Looks like a sell program kicked into high gear in the last hour. Wholesale dumping of positions. Too much, too fast, too far. Better days ahead.

    Standards

    ReplyDelete
  2. minaccessJanuary 30, 2008 at 2:29 PM

    Hello Saleem and all. Again, not the type of market to hold on earnings day. AMZN down hard with a rev beat and increased guidance. Margins were squeezed. Anyone holding GOOG be careful, earnings tomorrow. Peace.

    ReplyDelete
  3. BruceJanuary 30, 2008 at 3:34 PM

    Standard and all!

    I agree with you...WTF * 1,000,000. Hard to take...was sure we'd have nice rally and bought into the head fake. Make that WTF, I guess it's now 1,000,001 WTFs.

    Sorry.

    Bruce

    ReplyDelete
  4. Stocks100January 30, 2008 at 5:25 PM

    Hi Standards,

    That IS wall street for you....rating agencies announcement were timed to derailed Fed moves which was "bullish for the markets"

    Saleem

    ReplyDelete
  5. Stocks100January 30, 2008 at 5:28 PM

    Hi Minaccess,

    When there is "hole in the ER...this market will NOT treat that stock kindly"

    Margin is a major issue....it IS all about EPS growth..NOT sales growth which can be cahieved by promotion & lowering prices...thus affecting Margins...imho

    VLO ER was rewarded with a major jump.

    Saleem

    ReplyDelete
  6. Stocks100January 30, 2008 at 5:29 PM

    Hi Bruce,

    You are NOT the only one who get "sucked into headfake....."

    Wall street traps EVERYONE...including ME !!!!

    Saleem

    ReplyDelete