VERY disappointed in the Fed
The FOMC lowered the Funds rate AND the Discount rate by 50 basis points each (half a percent). The stock market has exploded to the upside. We are now about 300 points below the all-time high.
Don't look now, but this REALLY sets up the market for a hard fall. I really dislike being so "bearish" about things. But folks are pretending that things are okay, or that they're okay now that the rates were cut. They are not.
I hope that when the true correction comes it does not hurt too many people too badly. Remember October 1987?
Don't look now, but this REALLY sets up the market for a hard fall. I really dislike being so "bearish" about things. But folks are pretending that things are okay, or that they're okay now that the rates were cut. They are not.
I hope that when the true correction comes it does not hurt too many people too badly. Remember October 1987?
posted by MichaelPolutta at 3:14 PM
1 Comments:
i'd like to see the market continue up another 300... as i buy more valut stocks.... and then buy puts for all my vault stocks to re-monetize the investment... then buy more vault stocks.
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