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350Z's I fund thread OCT 07
- Thread starter 350zCommTech
- Start date
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Frixxxx
Moderator
350zCommTech
Well-known member
Frixxxx
Moderator
weatherweenie
Well-known member
Not that it means anything, given the Fed announcement later today, but the current Bloomberg quote is:
+0.387%
+0.387%
James48843
Well-known member
Currently showing up 4 cents.
350zCommTech
Well-known member
ADP suggests a job number of 130K. 3Q GDP came in at 3.9%? WTF?
We're screwed! I'm getting out. I'll take my one day hit. Thank you!
We're screwed! I'm getting out. I'll take my one day hit. Thank you!
Robo5555
Member
ADP suggests a job number of 130K. 3Q GDP came in at 3.9%? WTF?
We're screwed! I'm getting out. I'll take my one day hit. Thank you!
You guys think we are going to take a hit today? Even with a .25 cut?
James48843
Well-known member
There may not be a rate cut- that is what 350z is pointing out.
The numbers don't indicate a sagging economy in need of a rate cut.
Here is something else that is in the yahoo story:
The Fed HATES to drop rates when inflation is going higher. This is some ammo for them NOT to drop the rate by a quarter point.
I don't know if the news is enough to make the fed hold rates as is, but it MAY be. And if it does, 350z is saying that the markets are not going to like that.
We'll have to see how it plays out.
The good news: Well, I guess the good news is I saved a lot on my car insurance from USAA.......
The numbers don't indicate a sagging economy in need of a rate cut.
Here is something else that is in the yahoo story:
The Fed HATES to drop rates when inflation is going higher. This is some ammo for them NOT to drop the rate by a quarter point.
I don't know if the news is enough to make the fed hold rates as is, but it MAY be. And if it does, 350z is saying that the markets are not going to like that.
We'll have to see how it plays out.
The good news: Well, I guess the good news is I saved a lot on my car insurance from USAA.......
Show-me
Well-known member
IMO, NO CUT. CNBC Rick Santelli is reporting how does the Fed cut rates with back to back strong ED and higher inflation. B52 Ben and the jets are groaning over this one. How do you cut the rate without looking like a market whore. Tomorrow is the PCE inflation data and what do you want to bet inflation ticked up.
James48843
Well-known member
We won't know if there is a rate cut in time to make a decision for thursday.
Any decision today to stay in or bail out will have to be made before we know what Uncle Ben and the gang do.
What this info does is pretty much ensure that there will not be a half-point cut, if anyone was expecting that, unless Ben and the gang know something they are not telling us.
We are here, now, and have to decide what to do before noon today.
Hard day for decisions. Lots of mixed signals out there.
Robo5555
Member
I know opinions are mixed on this but I think that the Fed will cut. No only due to the preassure from the market (.25 cut factored in) but we also have to consider the housing and subprime issues.
Regardless of the Fed's decision, I feel bullish about this quarter. Any opinions?
Regardless of the Fed's decision, I feel bullish about this quarter. Any opinions?
350zCommTech
Well-known member
The Chicago PMI came in worst than expected, below 50. The GDP number is backwards looking, so I hope they will pay more attenion to the PMI. In the past, consecutive manufacturing numbers below 50 resulted in Fed cuts.
Either way, I'm getting out today. If they cut just a .25, whether the market goes up or not today, it will probably go down tomorrow.
If they hold, the sell-off will probably continue for the rest of the week.
If they surprise again with a .50 cut, the markets will shoot up today, but the odds of them taking profit tomorrow is high. As Griffin said, we are already near the top of the channel.
I'm going G fund for tomorrow.
GL.
12%ayear
Well-known member
Watch for the Fed to cut because of the pressure. IMO we will see triple digit gains today. Sub-prime crisis knocked the wind out of lenders and real estate. The FED knows that they have to pump up the economy first and deal with inflation later to avoid a recession. Also, holiday sales are key to the FED. The better the receipts come in, the less pressure for the FED to cut later. I see a .25% as a token and another .25% cut later before they become hawkish. Looking for 14000s. BTW, I closed my account based on obtaining a new postion at work, which did not pan out(happy about that) and it would have to do with working the overnight shift. No way I could function during the day. I refused the postion and stayed on days. Sorry if I left without an explanation. It had nothing to do with anyone or anything in here. I am back FWIW. If Tom can up my thread page that would be nice. Once again, sorry and thanks for the emails.
James48843
Well-known member
Makes a lot of sense- a valid data point for me to consider.
I'm not sure what I am going to do yet, but what he says makes sense to me.
12%ayear
Well-known member
Watch small-caps ...they are the biggest laggard.Watch for the Fed to cut because of the pressure. IMO we will see triple digit gains today. Sub-prime crisis knocked the wind out of lenders and real estate. The FED knows that they have to pump up the economy first and deal with inflation later to avoid a recession. Also, holiday sales are key to the FED. The better the receipts come in, the less pressure for the FED to cut later. I see a .25% as a token and another .25% cut later before they become hawkish. Looking for 14000s. BTW, I closed my account based on obtaining a new postion at work, which did not pan out(happy about that) and it would have to do with working the overnight shift. No way I could function during the day. I refused the postion and stayed on days. Sorry if I left without an explanation. It had nothing to do with anyone or anything in here. I am back FWIW. If Tom can up my thread page that would be nice. Once again, sorry and thanks for the emails.
HAILSTORM
Member
Welcome Back, 12%!
If you anticipate a triple digit gain this afternoon, that would mean a big positive unfair value for those of us already in the "I"...which also means that we start Thursday with an equally huge negative balance...do you think the OSMs can bridge that gap, especially when profit-taking would be in order tomorrow?
I'm thinking like 350z that we just to safe haven and take the +FV...
If you anticipate a triple digit gain this afternoon, that would mean a big positive unfair value for those of us already in the "I"...which also means that we start Thursday with an equally huge negative balance...do you think the OSMs can bridge that gap, especially when profit-taking would be in order tomorrow?
I'm thinking like 350z that we just to safe haven and take the +FV...
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