Fed did the right thing by cutting Fed funds rate by 75 and discount rate by 75 basis also.
This will give support to US$...where I am long.....
This will also help fight inflation......as commodities will moderate when US$ firms UP.....
Market reaction so far was predictable...sell on the news...but reality is setting in and we are fighting back towards S&P 500 @ 1315 area +3.0%.......
This market wants to go higher........
So...position for bull tape !!!!!
BLOG does NOT give buy or sell.
Saleem
SALEEM
ReplyDeleteHello my friend
My onlyt laggard is LDK
GS is off the charts $21.80 up so far!
RIMM and POT are moving up sharply
CHL I do not own-but it is up sharply.
Good day if you ask me.
M
Hi Madmax,
ReplyDeleteNever look @ individual stock...always look @ overall picture.....which gives you a better overall picture.
You are doing very well today...Prime Rib IS on the menu with Dom Perigon....
Thanks for IBD take & list !!!
Saleem
Is the tide turning.... all in all a good move by FED, what do you guys think?
ReplyDeleteHi Troy,
ReplyDeleteTIDE...it IS high tide going northward......
Position accordingly in many stocks.
Saleem
TROY
ReplyDeleteWOW what a day I have never lived through such ups and downs
Looks ot me liek the market is going a lot higher from here, O'Niel form IBD was on CNBC and says hte bottom is in and up we go.
I believe that, I am sticking to it too
M
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ReplyDeleteHi Smartphone,
ReplyDeleteWelcome to my BLOG from exciting Brazil.
Thanks for posting your BLOG address..i will visit your BLOG.
I am Glad that you like my BLOG.
Saleem