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
6 comments:
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
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.
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
Hi Standards,
That IS wall street for you....rating agencies announcement were timed to derailed Fed moves which was "bullish for the markets"
Saleem
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
Hi Bruce,
You are NOT the only one who get "sucked into headfake....."
Wall street traps EVERYONE...including ME !!!!
Saleem
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