350Z's I fund thread NOV 07

[Minnow]

Ben hinting at a rate cut... I dunno what to think. Is he helicopter Ben? transparent Ben?

Oh well.... Friday melt up?

 

[12%ayear]

Ben hinting at a rate cut... I dunno what to think. Is he helicopter Ben? transparent Ben?

Oh well.... Friday melt up?

key words...Fed policymakers will need to be "exceptionally alert and flexible," Bernanke said. LOOKING FOR A HUGE RALLY

 

[350zCommTech]

http://biz.yahoo.com/ap/071129/bernanke.html

"I expect household income and spending to continue to grow, but the combination of higher gas prices, the weak housing market, tighter credit conditions and declines in stock prices seem likely to create some headwinds for the consumer in the months ahead," Bernanke said in his speech.

Wall Street whore.

 

[Talltimber]

I bought yesterday with the +42 cents that they are taking today, waaaah.
Uncle Benanke will do .5 this time, then some quarter point cuts until we elect Hillary.

Edit: phew, 25.32 yesterday, 25.18, today.

 

[Show-me]

http://biz.yahoo.com/ap/071129/bernanke.htmlWall Street whore.

Yep, watched the speech and it was a clear set up and follow up on Don Kohn's speech. Get ready for a rate cut. Street wants 50 points and some bold market folks say 100 point and get it over with.

The subprime problems have just begun and the commercial paper has dried up and small businesses will suffer and have to start laying off.

Here comes your Thanksgiving and Santa rally all in one!

 

[Birchtree]

I'm not proud - I'll take 3,000 Dow points up.

 

[350zCommTech]

Edit: phew, 25.32 yesterday, 25.18, today.

Down 14 cents as expected. The I fund is now even.

 

[350zCommTech]

Yep, watched the speech and it was a clear set up and follow up on Don Kohn's speech. Get ready for a rate cut. Street wants 50 points and some bold market folks say 100 point and get it over with.

The subprime problems have just begun and the commercial paper has dried up and small businesses will suffer and have to start laying off.

Here comes your Thanksgiving and Santa rally all in one!

The sad part is that they can cut to zero and it would have no effect on the credit markets. Garbage will still be garbage. The feds need to force these crooks to come clean and mark to market. Similar to what E-trade did today, which was a 70% mark down.

 

[350zCommTech]

Yep, watched the speech and it was a clear set up and follow up on Don Kohn's speech. Get ready for a rate cut. Street wants 50 points and some bold market folks say 100 point and get it over with.

Show-me,

Did he mention the word recession?

 

[Show-me]

LOL Of course not!!!

I'm not 100% sure because the TV was on in the other room and my wife and kids were giving me crap about how loud it was. No appreciation for financial events. lol

 

[Show-me]

The sad part is that they can cut to zero and it would have no effect on the credit markets. Garbage will still be garbage. The feds need to force these crooks to come clean and mark to market. Similar to what E-trade did today, which was a 70% mark down.

The lenders have the economy, the consumer, the Fed, and small business by the balls right now. All they have to do is not process any loans due to "risk" in order to force the Fed into lowering the rates, both Discount and Fed Fund.

The are playing all of us in order to get the lower rates and it is working. Lower rate speculation is propping up the market right now because it is not the Economic Data or Earnings any more.

 

[Show-me]

They are writing off bad loan and that is making the cash dry up. Fire up the press Paulson here we go!!!

 

[350zCommTech]

LOL Of course not!!!

I'm not 100% sure because the TV was on in the other room and my wife and kids were giving me crap about how loud it was. No appreciation for financial events. lol

I asked because it was mentioned here in the AP article:

The odds have grown that the country could enter a recession. A sharp cutback in consumer spending could send the economy into a tailspin. Against this backdrop, Fed policymakers will need to be "exceptionally alert and flexible," Bernanke said.

 

[Show-me]

I would bet serious money they are thinking it, but would have NEVER thought he would say it aloud. Bernanke and Kohn talk about it in private, I'm sure.

The will do everything they can to avoid it, especially coming into a election year. A little pride is involved too. How would you like to be the guy in charge of the Federal Reserve that takes the blame to tanking the markets during a historically strong period on the calender and coming into a election year when the market is suppose to be historically strong again.

They are concerned, they just can't show it. They are actually showing it in a way because they are back peddling on holding firm on rate cut and not bailing out speculators. They got a huge loop hole to navigate through and the lenders are putting the pressure on.

No flow of money, no consumer spending, no construction spending, no expansion, no growth, etc.

 

[350zCommTech]

The lenders have the economy, the consumer, the Fed, and small business by the balls right now. All they have to do is not process any loans due to "risk" in order to force the Fed into lowering the rates, both Discount and Fed Fund.

The are playing all of us in order to get the lower rates and it is working. Lower rate speculation is propping up the market right now because it is not the Economic Data or Earnings any more.

That's not it.

The credit market is not functioning because the banks do not trust each other. Just look at where Countrywide is now getting their funding from. They can't even borrow from the discount window. The reason why banks don't trust each other (or other financial institutions) is because they have yet to come clean. Nobody knows for sure what the other guy is holding. That's also why Citi needs a super SIV to hide their crap.

Wall street did their part in the sup-prime mess(they maid Gazillion dollars) and they now need to pay the price.

 

[Show-me]

Just goes to show they are worried.

 

[Show-me]

I just read the article and I sure missed that one on the speech.

 

[350zCommTech]

The dollar initially fell on Bernake's speech, but has reversed course and is now rising. This is strange to me...

 

[Robo5555]

Good start in Japan....up over 1% so far.

 

[FogSailing]

Z:

Thanks for posting the I Fund predictions. If I had read your post, I'd have stayed away today. I can't beleive the Fund make 1.15% and I get nailed for 14 cents a share...That is just wrong...

Thanks for your contribution.

FS