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I think there is one. The I fund should close flat to slightly up tonight. But, do not worry QQQQs are doing well after-hours based on HPQ. Also CAC,DAX,NIKKEI, and FTSE are going to explode enough to give us a profit tomorrow!!I just hope there will not be a +FV applied to the I Fund since I'm jumping all in at today's close.
C FUND+.32, S FUND+.39 and I Fund..jury still out , but looks flat to a tad higher for the dayWell?
And how would you like that crow prepared? Baked, boiled, broasted, grilled or deep fried? (Or are you just going to eat it raw?) No offense meant!
At least the S&P500 and the Wil 4500 made it back to even or close to it this afternoon, so maybe you can have chicken instead of crow! LOL
Hopefully this will be GOOD for the I fund tomorrow!!! :laugh:
[FONT=verdana, arial, helvetica]I guess the crow stoled dinner after all!!!!![]()
The kangaroo represents WallSt. The crow is the little guys like us!! [/FONT]
Fed cuts discount rate
The central bank, citing market conditions that have 'deteriorated,' cut the symbolic discount rate by a half of a percentage point.
http://money.cnn.com/2007/08/17/news/economy/fed_rates/index.htm
12%, You da man!!!!![]()
Don't think 12 was talking about the discount window rate. Overnight rate still at 5.25%
I know, but the effect is the same. So, I think he deserves it.
Though the market will rally.
Disagree on the same effect. Huge difference in the two. Though the market will rally. Look for more problems next week. Credit issues are still present.
So the lowering of the discount rate is not as substantive as the Fed funds rate? The discount rate helps the banks/institutions but the fed funds rate will help the consumer more? Will this add enough juice to hit the upper resistance lines in the recent bear channels? Will the feds funds rate be the only catalyst that can knock us above the bear channel? Sell the rallies until that fed funds rate is acted upon?