350Z's I fund thread OCT 07

[12%ayear]

.25% cut

 

[Jonathan]

.25% cut

Yep - both prime and discount rates.

 

[Cortez]

& .25 discount rate cut

 

[Cortez]

Postive for the market at least until DEC meeting.

 

[James48843]

Market reacts by going STRAIGHT DOWN.

Market wanted more.

 

[Jonathan]

Unless it's some kind of computing/reporting artifact, the DJIA took a huge hit on the news. I didn't think people were expecting a .5 point cut. Or maybe it's the accompanying news that the economy is expected to slow?

 

[Jonathan]

Market reacts by going STRAIGHT DOWN.

Market wanted more.

The market can't have everything it wants. Market will just have to learn that life isn't fair

 

[Cortez]

Buyers will come in and run up by close.

 

[James48843]

Now THAT's about as Ugly a chart as I have seen in some time.

 

[RPM]

Market reacts by going STRAIGHT DOWN.

Market wanted more.

-FV territory yet?

 

[DCguy]

how is that possible? We all were expecting .25 cut and we got it.

 

[Jonathan]

-FV territory yet?

Not yet.

 

[fedgolfer]

there's the washout... bargains o'plenty. Let's go Nice volume on the MACD upswings. Let's hope the bargain hunters see this as fairly priced and that the discount rate will help the most troubled sectors.

 

[Birchtree]

Hope is a powerful aphrodisiac for this market - watch the last hour.

 

[Jonathan]

how is that possible? We all were expecting .25 cut and we got it.

This is a very nervous market. This morning's run-up may have been on the positive GDP news, and the Fed's statement contradicts that positive assessment.

That's my take. Of course, everyone has their explanation, and the only other analysis I've seen says that stocks were "irked" by a "balanced" fed approach that didn't hint much of future rate cuts.

 

[nnuut]

Patience is a virtue, hold on to your horses, going to be a rough ride!!

 

[Frixxxx]

If the insiders feel the 50 point announcement coming, serious buys this afternoon. +FV probable.

If the insiders see the built in 25 point cut....more than likely status quo.

No cut (very improbable) the market would have to drop substantially to even think a -FV could occur.

My $0.02

Well looks like STATUS QUO!

-FV territory yet?

The investors on high octane emotions had their fingers on the mouse ready to sell on the announcement. Guess what, those who were waiting for the dip had their fingers on the mouse to buy the deals on the down. Ladies and Gentlemen, STATUS QUO.

 

[12%ayear]

LOL..The markets always overreacts when news first comes out. Allow it to sink in and think of the opposite reaction.

 

[Jonathan]

LOL..The markets always overreacts when news first comes out. Allow it to sink in and think of the opposite reaction.

Agree with this. I think the day will finish positive after things sink in. I'm still looking for a +fv.

Welcome back, 12% (you weren't gone long, but you were missed).

 

[12%ayear]

Watch small-caps ...they are the biggest laggard.

posted above this morning when they were the worst performer. Look now!!