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zanetti
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05-Mar-2008 03:51
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wat he say makes sense, short pain better then long pain |
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cyjjerry85
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05-Mar-2008 02:36
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he is STRONGLY against a Fed Rate Cut....can u imagine if that materialize? it is certainly not what traders will expect...because all along people will think SURE got rate cuts....now the hopes are slightly diminished by one single guy... and he is pursuing it in a very logical manner in fact...read the report below from CNN Money...highlighted some key points mentioned well..no rate cuts..or LOWER than expected rate cuts in mid-March...this is going to be .......... |
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cyjjerry85
Elite |
05-Mar-2008 02:33
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Dallas Fed President Fisher, only central bank policymaker to vote against latest rate hike, says 'easy money' is major problem for economy.NEW YORK (CNNMoney.com) -- Dallas Federal Reserve President Richard Fisher said Tuesday he believes inflation is a greater threat than a slowdown of the U.S. economy, suggesting that he will keep pushing his Fed colleagues to stop cutting rates. The Fed made a 0.75 percentage point rate cut at an emergency meeting Jan. 21, and another half-point cut at the conclusion of the Jan. 29-30 two-day meeting. Fisher, who joined the Federal Open Market Committee for the two-day meeting, was the sole vote against that cut. The FOMC is next set to meet March 18, and investors are widely expecting another half-point cut at that meeting. In remarks prepared for a speech in London, Fisher said that he's upset by talk that recent Fed rate cuts represent an "easy money" policy by the U.S. central bank. "So you should not be surprised that I consider the perception that the Fed is pursuing a cheap-money strategy, should it take root, to be a paramount risk to the long-term welfare of the U.S. economy," he added. But Fisher said inflation readings have not been encouraging and that he believes price pressures can continue to build even in the face of an economic slowdown, an economic condition popularly known as "stagflation." Fisher argues it's better to have the economy go into an economic downturn than to risk a pickup in inflationary pressure through low rates due to global forces. |
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littlenova
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05-Mar-2008 02:31
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Another BREAKING NEWS from CNN Money Dow sheds over 200 points after Dallas Fed president says inflation is greater threat than economic slowdown. |
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cyjjerry85
Elite |
05-Mar-2008 02:04
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BREAKING NEWS from CNN Money: Dallas Fed president: Inflation is the key worry, not recession. More soon
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cyjjerry85
Elite |
05-Mar-2008 00:33
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Stocks in US Drop on Concern Mortage Forgiveness Will Hurt Bank Profits...U.S. Stocks Decline on Bernanke Plan; Intel, Citigroup Drop March 4 (Bloomberg) -- U.S. stocks fell, led by financial shares, after Federal Reserve Chairman Ben S. Bernanke urged banks to write down more mortgage debt and analysts cut earnings forecasts for Citigroup Inc. and Goldman Sachs Group Inc. Fed Vice Chairman Donald Kohn said U.S. banks face ``challenging market conditions'' that will likely hurt earnings and consumer lending, requiring closer scrutiny from regulators. The collapse of the housing market has led to ``a substantial deterioration in asset quality and earnings'' and will force bank holding companies to continue to write down assets, he said. State banks also face ``deteriorating credit conditions'' this year. His remarks came from written testimony to the Senate Banking Committee. ...anything that is of banking and finance news or housing...it will be very very sensitive ... |
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cyjjerry85
Elite |
05-Mar-2008 00:27
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hmmm...just to clarify my last sentence on "slight rebound"...i dun mean in the green...i meant bounced upon near to the next support level in the region of around 12092 |
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cyjjerry85
Elite |
05-Mar-2008 00:23
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ya Zanetti ...same sentiments...deep down we all know the economic news are bad..and more will be released soon...should there be a single sign of rally...no matter how mini it is...it will be good to short from the higher point or if holding positions earlier on...can let go... hmmm...regards to the DOW performance at the current moment...indeed it is plunging...however it can test support level before rebounding back up...one example was yesterday when below 12200 in fact...and it bounced back up to close above it... its still a few hours away... moreover tonight no bad economic news (although Bernanke speech is jialat enough)...we might just see some slight rebound |
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zanetti
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05-Mar-2008 00:20
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elisa u seems to be very happy that dow crashing down hor. short a lot isit ? hahaha care to share wat u short ? tmr i might support u |
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zanetti
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05-Mar-2008 00:17
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cyjjerry85: techinically i agree with u. But from wat i see, so far only one major news from fed, asking banks to write down more debts and it has already send the market crashing down. Looks like confidence is all time low. Imagine a few more bad news coming in... |
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elisa28
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05-Mar-2008 00:07
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EVEN WORSE NOW 12080 . DOWN 170 POINTS. 12000 IS POSSIBLE. |
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elisa28
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04-Mar-2008 23:55
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NOW 12115 |
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cyjjerry85
Elite |
04-Mar-2008 23:55
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technically, a chart breaks down in sequence...not many times breaking one-time jialat jialat...as we saw last Friday...it need time to do some trending (ups & downs) ...it may be a short while before breaking the other psychologically support of 12000..probably not today |
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zanetti
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04-Mar-2008 23:52
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will it test the 12000 mark today ? i got a very strong feeling that it will |
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elisa28
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04-Mar-2008 23:47
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DOW JONES IS NOW DOWN ABOVE 100 POINTS. |
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cyjjerry85
Elite |
04-Mar-2008 23:46
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i still like to maintain my view tt should we see DOW close below 12200...we will see a growling bear...currently the bear is still prowling... |
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zanetti
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04-Mar-2008 23:26
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flat or positive ? hmmm u seems to be quite optimistic. |
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evercare
Member |
04-Mar-2008 23:24
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tonight dow will close flat or positive, should i cut some of my loses (china sky)? it seems like there's more bad news coming in days or weeks to come... any advice? |
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cyjjerry85
Elite |
04-Mar-2008 23:18
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Federal Reserve chairman says delinquencies and foreclosures are likely to rise, and home prices will fall further.
Greenback remains weak ahead of speech from Fed Chairman Ben Bernanke.not much of any bad economic news physically today...but the direction is still pointing towards a potential lump of negative economic news ahead |
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cyjjerry85
Elite |
04-Mar-2008 23:11
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many people including myself...thought tonight DOW should close positive or at least flat because no important economic data coming out... however when Intel speaks of lower profit forecast and Bernanke add oil and fuel by stating the fact "More Mortages and Home Woes ahead"... that certainly is enough to send the shiver down the spine still of wad we are going to expect ahead...its dark and gloomy |
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