StockFetcher Forums · General Discussion · Blood in the streets<< >>Post Follow-up
Koronbock
201 posts
msg #59226
Ignore Koronbock
1/22/2008 9:23:32 AM

Yes, we got the Fed cut. Unfortunately the markets are not impressed. Futures have barely reacted as I am writing this. I think many know that a mere interest rate cut will not cure the severity of the structural problems behind all this.
The billions of $$ of bad debt and inflated bubbles (China) will not get away any time soon.

There will also be forced selling (margin) of unprecedented magnitude this morning. My broker has just removed margin privileges from all accounts for today. Other broker will tak similar action.

Remember last time the Fed was easing? There was a fireworks of rising stocks immediately.

Fasten your seat belts and I hope you are in cash (or short).



StockFetcher Forums · General Discussion · Blood in the streets<< >>Post Follow-up

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