Tuesday, March 18, 2008

Fed cut 75 basis on funds & discount !!!!

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

7 comments:

madmax said...

SALEEM

Hello 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

Stocks100 said...

Hi Madmax,

Never 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

Troy House said...

Is the tide turning.... all in all a good move by FED, what do you guys think?

Stocks100 said...

Hi Troy,

TIDE...it IS high tide going northward......

Position accordingly in many stocks.

Saleem

madmax said...

TROY

WOW 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

Anonymous said...

Hello. This post is likeable, and your blog is very interesting, congratulations :-). I will add in my blogroll =). If possible gives a last there on my blog, it is about the Smartphone, I hope you enjoy. The address is http://smartphone-brasil.blogspot.com. A hug.

Stocks100 said...

Hi Smartphone,

Welcome 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