12%ayear's Account Talk

[12%ayear]

Do you think there will still be a historic reversal tomorrow and Friday?

I like to wait a few days to allow the hype to move away. Friday looks good for me. This cut will worry people not make them feel better.

looks like crap 2 cuts in 8 days.

 

[Corepuncher]

So far we are up about 1%. Not really that big of a rally , IMO given how far we have fallen. I'm glad I left 50% in the market but if we're green Thur/Fri I'm out.

 

[Geaux4it]

So much for the rate cut being factored in. At least at this point.

Geaux

View attachment 3177

 

[nnuut]

Let's not forget that, IT'S NOT OVER TILL IT'S OVER!! (Casey Stingle)

 

[kar_crazy]

Let's not forget that, IT'S NOT OVER TILL IT'S OVER!! (Casey Stingle)

if it holds i am going for crown n rocks, its my daughters birthday another reason to have one

 

[Geaux4it]

Yep- THose friggin sell programs killed the +200 about 15 minutes ago. Now down t0 +136.
Shoot the shorts.

Geaux

 

[caymanbrac12]

If the Fed lowers rates much further, it risks going too far.
Historically low rates set the stage for this mortgage mess in the first place.
Plus, the central bank has already loaned $70 billion to needy banks through a series of three auctions since December and it is conducting a fourth auction for $30 billion today. The Fed has said that the credit markets are already benefiting from these auctions.
And the Fed still has to be worried about inflation. That certainly shouldn't be the Fed's biggest concern right now but it is silly to suggest that inflation is dead considering the high prices of oil, gold, wheat and other commodities. Inflation is dead only if you have the luxury of not needing to drive anywhere, heat your house or eat.
I'm not optimistic that the Fed will stand up to Wall Street. Market conditions are too fragile right now.


Try rereading what I said. You can lower rates but you need to understand the implications and what regs are necessary to ensure the mortgage mess doesn't happen because it doesn't - nor did I say 1% is necessary again but you do what you have to do - just make sure regs are in place. Also Inflation sure is out of control as well. That .6% gdp and that ungodly core inflation will really throw us under the bus. :blink: I've seen what real inflation and stagflation were like under Jimmy Carter when interest rates for houses were 18 to 21% and unemployment was like 12%. If you think this is inflation better go back and do some reading and check the current 30 yr note.

 

[nnuut]

if it holds i am going for crown n rocks, its my daughters birthday another reason to have one

Happy Birthday to your Daughter!!
When I get home I'll jioin you in that drink!!:laugh:
Market s#$ks!

 

[12%ayear]

IMO..we will close red even though they cut.50%. We are up rght now.+117 Watch the pros step in.

posted earlier..look now!!!! down

 

[350zCommTech]

posted earlier..look now!!!! down

Good call 12%!

The tanking started when CNBC were talking about the bond insurers be downgraded. see the I fund thread.

 

[kar_crazy]

yep ready for that crown

 

[Corepuncher]

yep ready for that crown

I wanna crown too! I'm sort of self concious having no hair and a plastic head.

 

[kar_crazy]

stop by the MONT @ 6:30 girls B DaY and i will buy look for the guy straight shooting with a crown n rocks cor p

 

[12%ayear]

AMZN and QQQQs tanking after-hours. Looking for one more red day and then a push up Friday based on job report( one day wonder). Also..Starbucks cautious on 2008, cuts store openingsReuters (Wed 5:44pm) This tells me people are not spending on small items. Very bad sign. The extra money to buy coffee is not there because of higher oil and feeling poor.

 

[Corepuncher]

Thanks dude but I have an appt elsewhere at 7...

 

[hessian]

Hey 12%
Just wanna say thanks. Terrific instincts!

Big hugs!

 

[mojo]

Beautiful calls. I was trying to watch from my pos pda when Fed announced. Doubting all your calls when I saw the jump. Well done.

 

[12%ayear]

off topic...
Undercover Investigation Reveals Rampant Animal Cruelty at California Slaughter Plant – A Major Beef Supplier to America’s School Lunch Program....please e-mail and support the end of this abuse. https://community.hsus.org/campaign/CA_2008_investigation?qp_source=gaba89 The video made CNN. I called the company this morning to voice my opinion to stop this abuse http://www.cnn.com/2008/US/01/30/undercover.slaughter.video/index.html It is very sad to see the abuse of these poor creatures. Pisses me off. It is my mission to do what I can to help stop this. Please e-mail USDA. Thank you

 

[Show-me]

I live in enormous farming region and what they are doing is very common in all large factory farm environments.

Pick up the recent issue of Mother Earth News and read the article about beef production and what the factory farms feed the cattle you eat. You might want to become a vegetarian or start growing your own.

 

[12%ayear]

I live in enormous farming region and what they are doing is very common in all large factory farm environments.

Pick up the recent issue of Mother Earth News and read the article about beef production and what the factory farms feed the cattle you eat. You might want to become a vegetarian or start growing your own.

..I am a vegetarian. That is why many people develop Cancer because of the crap they feed livestock and the chemicals they inject them with. It is a huge business. Many animals have diseases and people are eating them. Scary.