The Dollar?
After I went off on the fed and the inevitable disaster we are in store for, lets just take a look at what these chuckle-heads did just 2 days after my last post....In light of Tuesday's announcement that reduced rates early and in a bigger than expected chunk...
NEED I SAY MORE?
NEED I SAY MORE?
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4 comments:
Personally, I'm shocked at the irresponsibility of the FED and Government. What's more healthy after a 5 yr bull market than a correction. Trying to keep normal market forces from doing what they do is a recipe for an un-sustainable bubble. Print money too much longer and I will start buying pesos. So much for the stability of .25 increases or decreases. FED to world, "We stand ready to knee-jerk."
I agree with most of your plans for the year. I don't think this will be a year for raking in profits in equities, except maybe put LEAPS. I hope to concentrate more on Futures day trading where I can concentradte more on ATR than trend.
And you gotta love AC/DC
AC/DC is always good trading music
The Fed is in a pickle. While I agree that the upside of inflation is HUGE--what's the downside of no action? What happens if banks like Citigroup go under or brokers like Merrill Lynch. Is there enough money in coffers of SIPC or the FDIC to cover it. That's what we're facing right now.
I think the Fed has Depression era deflation on their minds due to a collapse of the financials, and their doing everything they can to steepen the yield curve and allow the banks to try to grow out of it.
I wouldn't call it irresponsible, but I think their inconsistency hasn't brought the type of stability that the markets need.
That's why it's a conundrum. And oh, I prefer Roxy Music.
The dollar is horrible. No wonder consumer prices are going ape. I prefer RUSH for trading music...
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