Tuesday, January 22, 2008

Fed came to resue the markets by cutting .75% both rates

Fed took a decisive ACTION by cutting the fed funds rate & discount rates by .75%...

This ACTION will put a floor to the markets downward spiral.......

Obviously the BEARS/SHORTS & hedge funds are going to bad mouth this action......by complaining about TIMING & should have waited by mid-day......or TOO LATE ????

I am sure.....all the complaining is based on their game plan of shorting this market till STONE AGE.......

I am extremely delighted that FED took a DECISIVE action...which will BUILD investor & consumer confidence.....in a BIG way.......

Stocks WILL improve from here.... once MM allows the shorts to COVER with profit.....remember they are together in this game of shorting.....so got to help each other out.......

It is NOT an INSTANT solution to all the problems...but it is a first SALVO..to turn the tide of NEGATIVITY.....

Saleem
at

11 comments:

  1. madmaxJanuary 22, 2008 at 6:00 AM

    GOOD Morning SALEEM:

    I do hope that a floor is in now, Did you buy any uranium stocks?

    Have a good day
    Peace
    Madmax

    ReplyDelete
  2. Stocks100January 22, 2008 at 6:06 AM

    Hi Madmax,

    I bought UEX.TO yesterday.....

    Now markets CAN start rebuilding process as of today.....

    Saleem

    ReplyDelete
  3. Troy HouseJanuary 22, 2008 at 6:08 AM

    Canada Rate Cuts:

    *(CA) BANK OF CANADA CUT INTEREST RATES BY 25BP TO 4.00%, AS EXPECTED - Sees 2008 growth weaker than expected than Oct forecasts - Says further rate cut likely in ear term

    ReplyDelete
  4. madmaxJanuary 22, 2008 at 7:01 AM

    HELLO all:

    Looks liek thje market is holding arounf 300 points down.
    I bought some more MA at $171.
    Yes lets close green

    Madmax

    ReplyDelete
  5. standardshighJanuary 22, 2008 at 7:02 AM

    All good news!

    May be awhile before we see a change in direction. Who knows? Hope for this to stabilize the markets.

    Standards

    ReplyDelete
  6. DougJanuary 22, 2008 at 7:10 AM

    LDK seems to be holding its own. I cant believe I own a stock in the green AGP, Hope we can hold here, although I know hope has little to do with it.

    ReplyDelete
  7. DougJanuary 22, 2008 at 7:13 AM

    Wow Saleem,
    look at your AGU holding strong today. I am actually very surprised, not that AGU isn't a good call, I just would have thought that ag stocks would have been still bleeding today. I am happy for you my Man!

    ReplyDelete
  8. madmaxJanuary 22, 2008 at 7:22 AM

    SALEEM
    AGU and MA are coming on up they are really strong.
    The RSi for MA is 26 so I guess we will get a bounce here.

    MS is up $1.15 so financials are coming back?
    Hurray to all
    Madmax

    ReplyDelete
  9. Stocks100January 22, 2008 at 7:49 AM

    Hi Doug,

    After 40 years of watching the tape....I DO get many things RIGHT.

    What you cannot see that UEX.TO is UP 4.8%..which I bought yesterday in the middle of "when sky was falling"

    www.stockcharts.com tracks UEX.TO

    Thanks for AGU comment...they are down but definitely NOT out.....just like ME !!!

    Saleem

    ReplyDelete
  10. Stocks100January 22, 2008 at 7:50 AM

    Hi Madmax,

    Yes MA is holding UP green.....

    Just remember...

    KNOW..when to hold'm.....

    Saleem

    ReplyDelete
  11. madmaxJanuary 22, 2008 at 8:33 AM

    WHOA Baby MA made the IBD where the Big money is flowing list:
    WGOV Woodward Governor Co 55.13 +2.87 +285
    GFA Gafisa S A Ads 31.68 +1.38 +225
    AFL A F L A C Inc 61.44 +1.84 +208
    MEE Massey Energy Company 29.41 +0.93 +167
    BLK Blackrock Inc 202.80 +1.30 +144
    CMGB Chipotle Mexican Grill B 105.93 +1.26 +138
    CF C F Industries Holdings 94.33 +1.00 +131
    MA Mastercard Inc Cl A 178.73 +4.11
    Yes sir ree! good news for a change

    Madmax

    ReplyDelete