12%ayear's Account Talk

[airlift]

Nice going! You were able to smell the FED blinking from afar.

 

[vectorman]

Might as well get this sell-off over with. Trading in these markets is too risky. I am not jumping into the G or F Fund in this stage of the game. Jumping around now will backfire and you can miss some serious gains.Too many bears out there now......great time to be in the market. This might see 12000 before the ramping starts to 13500-14000s by years end.

'" Jumping around now will backfire and you can miss some serious gains."

Well, said 12%. The media is putting the " Fed Panic " spin on it, but this shows the Fed knows what's going on. They picked the prefect day to do this. Record shorts, options day, released news before opening bell, what a way for them to get back at some of the big boys for the flak they've been giving the Fed.

 

[12%ayear]

The Fed will cut now for sure.

See the timeframe on that call almost 5:00AM.. EST. I called it before these panic fools who get paid big bucks on CNBC!!

 

[12%ayear]

OSMs are the place to be in all next week. Nikkei is down a staggering 16.5%. FTSE,DAX,and CAX are still down huge compared to the USMs. I am not swinging all next week. I FUND for the entire week.

 

[nnuut]

Soothsayers are a rarity, looks like you have it down. View attachment 1939

 

[buda]

Emotions Aside:ban:

Do you feel the cut should of been sooner? (When)

Do you feel Bernie did this to prove a point by holding off?

Was Bernie Coaxed into cutting?

Will Bernie cut again in September?

Buda

 

[tsptalk]

Emotions Aside:ban:

Do you feel Bernie was did this to prove a point by holding off?

Will Bernie cut again in September?

To clarify, this wasn't a Fed Funds rate cut.

Chief economist Carl Weinberg at HFE says markets may not be calmed by this tactic. 'Unlike the Fed funds rate -- which affects all banks' cost of funds -- a discount rate cut only lowers the cost of emergency borrowing by institutions in distress. This move is not going to provide any relief to the overall economy,'

 

[weatherweenie]

I'm wondering if Friday's cut was the reason for the huge turnaround Thursday. Yeah, it's a bit cloak and dagger, but......

Yes, I think they cut again in Sept.

Emotions Aside:ban:

Do you feel the cut should of been sooner? (When)

Do you feel Bernie was did this to prove a point by holding off?

Was Bernie Coaxed into cutting?

Will Bernie cut again in September?

Buda

 

[buda]

To clarify, this wasn't a Fed Funds rate cut.

Chief economist Carl Weinberg at HFE says markets may not be calmed by this tactic. 'Unlike the Fed funds rate -- which affects all banks' cost of funds -- a discount rate cut only lowers the cost of emergency borrowing by institutions in distress. This move is not going to provide any relief to the overall economy,'

Right....I noticed that on the clarification. I was just thinking out loud and wondering if this is leading to an FFR that would affects all banks. I mean a significant drop on the rate or will they attempt to stagger it to test the waters?

Buda

 

[Birchtree]

If the economy begins to demonstrate a softening in the immediate near future - they will cut the funds rate before their September 18th meeting. I look for three concurrent cuts before the year ends - inflation is no longer the demonstrated problem but rather economic weakness. All other central banks may hold off on any further increases.

 

[12%ayear]

To clarify, this wasn't a Fed Funds rate cut.

Chief economist Carl Weinberg at HFE says markets may not be calmed by this tactic. 'Unlike the Fed funds rate -- which affects all banks' cost of funds -- a discount rate cut only lowers the cost of emergency borrowing by institutions in distress. This move is not going to provide any relief to the overall economy,'

true, however that is the first step.He is doing things in order.First the money injection, then discount cut, and then the cut.

 

[ou81200]

I think alot of emotion played into today. This does'nt solve the subprime situation. It will be interesting to see how Monday plays out.

 

[12%ayear]

I think alot of emotion played into today. This does'nt solve the subprime situation. It will be interesting to see how Monday plays out.

Sure this does not resolve the sub-prime crisis,but it is a start. Emotions? lol...Everday the market moves on emotions. What the fed did is just a very small token of saying we are watching and ready to help. However;I think that is it not over and it still has to play itself out. The next stage is recovery or a recession. The real estate business is in rumbles,. When you see tv shows about Flipping property, you know it is over!! I wrote about this in Feb. and I thought we would get the correction in the fall, I missed it by a month and took the hit. The worst thing to do is panic and sell for a huge loss. I plan to stick it out and stay fully invested. If you go to a Home Depot,Lowes, or other supply show, they are dead..no customers. Why? The consumers have dryed up with being in the real estate business and home improvement loans are a think in the past for now. The place to be is overseas. They will bounce back hard. The sub-prime problem is mostly here and OSMs are a friggin bargain.

 

[ou81200]

I think it's more like the feds want to know if this is enough so we don't have to do a fed rate cut. IMO, this is'nt going to be enough. Yes the feds are watching. They were hoping that this measure might be enough to change things. But they should have done this sooner. I'm betting that the market does'nt take off just yet. This could be a good thing. This would bring the feds closer to a rate cut. Only when that happens will the market have a stellar reaction.

BTW---Did you watch Mad Money yesterday. Talk about forgivness. LOL.

 

[12%ayear]

People are making me laugh these days more than ever. Everyone seems to think they are a market expert when the market has tanked . For example today, everyone is saying we will close in deep red territory. LOL, I bet this market comes back today and shocks everyone.

 

[fedgolfer]

12%,

what's the link you provided a couple months ago that had lots of stock tips and momentum plays? Thought I bookmarked it and can't find it.

Thanks.

 

[12%ayear]

12%,

what's the link you provided a couple months ago that had lots of stock tips and momentum plays? Thought I bookmarked it and can't find it.

Thanks.

lol, I did not bookmark it...You have to go through my posts. It is in there, I remember I picked IRBT from 15s went to 20s and short NFLX in the 20s and now in teens.

 

[12%ayear]

The I FUND will have a great week. I am staying in it all week FWIW. It will be the fund of the week IMO.

 

[12%ayear]

People are making me laugh these days more than ever. Everyone seems to think they are a market expert when the market has tanked . For example today, everyone is saying we will close in deep red territory. LOL, I bet this market comes back today and shocks everyone.

this is what I mean.The market was down 77 points when I posted this above. Now we are green.

 

[12%ayear]

People are making me laugh these days more than ever. Everyone seems to think they are a market expert when the market has tanked . For example today, everyone is saying we will close in deep red territory. LOL, I bet this market comes back today and shocks everyone.

lol, 121 points swing..look for a possible triple digits gains with DJIA..market was down 77 points now up 44