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
11 comments:
GOOD Morning SALEEM:
I do hope that a floor is in now, Did you buy any uranium stocks?
Have a good day
Peace
Madmax
Hi Madmax,
I bought UEX.TO yesterday.....
Now markets CAN start rebuilding process as of today.....
Saleem
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
HELLO all:
Looks liek thje market is holding arounf 300 points down.
I bought some more MA at $171.
Yes lets close green
Madmax
All good news!
May be awhile before we see a change in direction. Who knows? Hope for this to stabilize the markets.
Standards
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.
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!
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
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
Hi Madmax,
Yes MA is holding UP green.....
Just remember...
KNOW..when to hold'm.....
Saleem
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
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