iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
22,162 Blog Posts

Fed Must Cut Rates

Fed forecasts indicate further easing, with rather tame inflation projections. They cite slowing growth and a weakening job market.

Ignore the minutes. The Fed will ease, mainly because tanner men than Bernanke say so.

Plus, with FRE and FNM in a never ending death spiral, Bernanke must get in his helicopter and save the day—I hope.

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59 comments

  1. Juice

    Fry: Bilderfuck is taking his profits, does that mean the bears will go take a nap?

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  2. Bison Burger

    Post-Minutes December vote prediction:
    Bernanke – YES
    Geithner – ?
    Hoenig – NO
    Kohn – Yes
    Kroszner – No
    Minehan – YES
    Mishkin – Yes
    Moskow – No
    Poole – NO
    Warsh – ?

    I’m more bearish now.

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  3. SaNTa

    He better fire up the whirly bird. My reindeer will provide protection from errant RPGs.

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  4. The Fly

    Bison:

    They must change their tune, post FRE/FNM.

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  5. steve

    Is there any doubt at this point? What will it be? .5 or a full 1?

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  6. TraderCaddy

    No time for comments-market volitility is nutz.

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  7. CubsRock

    I’m very close to putting some money in ITB ETF. If the fed cuts the homers will squeeze.

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  8. Dinosaur Trader

    It doesn’t even matter… cutting rates won’t help too much now. You have to let psychology work itself out…

    Meanwhile, oil almost at a new high… over $98.

    -DT

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  9. Frosty

    FLY…we all eat big turkey…CDS ESLR FUQI a couple of side dishes….shopping for more fixens’…QID short, the turkey getting fat for the big day….need pie, whipped cream and the like.

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  10. Bison Burger

    A split decision in December is all but certain. And the reaction to a reluctant cut won’t be nice.

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  11. Frosty

    FLY…spot on…cut they will…paulson will reach for the dollar.

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  12. Dinosaur Trader

    Meanwhile, if credit is such a concern, why is MA still up so much?

    -DT

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  13. Juju bear

    Agree with DT. The Fed historically is usually too late. A rate cut will simply serve to stop an imminent market crash.

    The dollar maintains its status as the sacrificial goat.

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  14. Woodshedder

    The market is saying they won’t cut.

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  15. Juice

    Grizzlies on attack !

    roll over & play dead !

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  16. Frosty

    margin calls…give back the butta…oh my

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  17. newequity

    I am losing all my gains, help. FUCK THIS MARKET FUCKERS.

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  18. Bison Burger

    You can count on Poole-Hoenig pulling a Scalia-Thomas. Poole will spill venom before he retires. (Any other JD/MBA here?)

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  19. Juju bear

    neweq-

    your gains are showing up on my doorstep.

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  20. TraderCaddy

    I bought QLD and DDM after I upchucked-then sold it 1 minute later for a big gain. This is worse than Vegas.

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  21. Juju bear

    Ducati,

    This is a golden moment. We agree.

    jog on fucker

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  22. Crawford

    DT – MA is a xaction processor, doesn’t underwrite credit risk. Less easy credit means more use of existing credit cards, hence higher xactions >>> more $$$ for MA.

    9 holes was not the cure to this crazy day, obviously. Shouldda stayed for 18 I guess. Sorry about that.

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  23. Bewford

    Off to Romania, Fly?

    (Sorry, couldn’t help myself).

    This market has a long way to go (down)…

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  24. Bison Burger

    If Beard Ben can’t round up the votes, they better not cut.

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  25. alphadawgg

    Lots of blood. Lots of opportunity here.

    You should be buying, asshats. The selling will not last. In two days, people will be stuffing themselves with turkey, fall asleep and wake up to a new day, forgetting why the market sold off in the first place.

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  26. The Fly

    Fucking flights to Romania are all booked—just checked.

    Perhaps I will walk it, across America, up through Alaska, down through Russia—right into Romania.

    Sounds like fun.

    Any takers?

    I’ll need retards to fetch me water and oxen.

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  27. newequity

    I sold out of all my longs.

    Went 100% Romanian currency,
    moving south of the border with my sombrero tomorrow.

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  28. alphadawgg

    (…shit, I’m starting to sound like JJ.)

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  29. Juice

    Broker: Any chance of FMCN buying XFML for 5 or 6 folds?

    I think it would be accretive up to 8 folds.

    viz

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  30. Juju

    Fly,

    I will offer you 15 euros for your website, enough to rent a yak through Upper Mongolia.

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  31. The Fly

    No.

    However, there is also a chance, after retirement, Angelo Mozilo will be appointed new Treasury Secretary.

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  32. Woodshedder

    Alpha, don’t fool yourself. There is no blood or puking.

    30 points down on the Comp and 70 on the Dow?

    This will not resolve until the Comp is down 150 and the Dow 600.

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  33. The Fly

    Juju:

    The site is for sale, starting bid is 15 million euro’s.

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  34. The Fly

    Wood is the new Kass.

    How entertaining, yet fashionable.

    I will kill all of you bearshitters, before I die.

    Just sit there and wait.

    Keep waiting.

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  35. steve

    The Fry values his site like the big banks value CDO’s….

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  36. Woodshedder

    Sorry Fly. It pains me to trade against you. Truly it does.

    May you be comforted by the fact that I always lose when trading the opposite direction of you.

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  37. Bison Burger

    Watching GOOG (Gettysburg for the bulls) closely.

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  38. Juju bear

    (….the fucktards anxiously await the Woodshedder bottom.)

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  39. Bewford

    Fat fucks feast on food from NTRI

    (just had to say that)

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  40. Capital Game

    If institutions are selling, where is their money going ?

    Are they buying Treasuries ( with a 4% yield ) ?

    Are they moving money into commodities ?

    Are they holding USD ( which is in an extended decline ) ?

    Are they moving it into foreign markets ?

    Are they buying real estate ?

    Money is always moving among the large asset classes – Equities, Commodities, Bonds and Real estate. So the question is if money is moving out of stocks, what is it moving into ?

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  41. Bison Burger

    Chindia, mostly. Been going on for years.

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  42. Woodshedder

    Good question Capital. What’s the answer?

    Also, one thing to consider is some of the money was never their money to begin with. So that leveraged money goes no where because it never was.

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  43. The Fly

    The money is being deposited into unmarked safety deposit boxes.

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  44. Bison Burger

    They have Jimmy Rogers ice the cake before the close. Oil hits $100 at the same time right?

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  45. gappingandyapping

    Fuck it I am all in on GS Jan 240’s here. Fuck it too cheap. Do or die nut cutting time boys.

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  46. The Zombie

    Welcome to the bear. All you fucking bearshitters happy now?

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  47. newequity

    Time for new lows in everything, I give up today guys.

    jog alone

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  48. JJ2000426

    The FLY:

    How is your short of SWC doing?

    Told you early in the day to SHORT FSLR. You did not listen? I dropped a bomb shell and expect it to cllapse soon. Nothing is easier to short than that!!! You like my Seeking Alpha article?

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  49. jgils

    oh hell yeah. About time, I was ready to jump out my basement window.

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  50. Woodshedder

    I just closed out all my shorts.

    Will re-enter depending on the close.

    This market has a bid coming from somewhere.

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  51. Dinosaur Trader

    Thanks to those who answered my MA query.

    JJ, keep writing here. You’re the perfect trader to fade. If this market gets a little bid, FSLR will be at $230 again in no time.

    Meanwhile, that same bid wouldn’t even put your piece of shit SWC over $10.

    -DT

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  52. JJ2000426

    Donosaur:

    OK, then, you buy FSLR here if you think it is a better buy than SWC. Go ahead.

    You still hurt from that massive loss of shorting FSLR and covering? I will ride it all the way down. Just watch me. You did not have a chance to watch me short NEWP from $80 to $200 and then ride it down. You now have a chance to see I cover everying thing around FSLR = $20. Just watch on.

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  53. goatblowtacus

    JJ —

    Did you cover your FSLR short near the days low?

    Or did you add down there and get your balls blown off?

    C’mon, tell us the truth before you go to engrish class tonite.

    Thanks in advance,

    spartacus

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  54. JJ2000426

    Goat:

    I did neither. It is neither time to cover yet, nor time to add more short.

    I will add more shorts at %150 level, and then add some more at $100, and add more at $75, and more at $50. I will cover everything at $20. It will take the time of roughly one to two harvests. So be patient if you want to watch.

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  55. goatblowtacus

    My sources inform me you are short from $130.

    So lets do a little math here. Lets say for grins you allocated $150K itowards shorting FSLR beginning at $130. If you added and didn’t use margin (unlikely) you have lost of 67% of your capital.

    Good investing skills.

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  56. JJ2000426

    Goat:

    How could any one short a stock without using margin. Of course you used margin. You can not short a stock using cash account. You don’t even know that basic knowledge?

    The good news is as FSLR falls down my margin shrinks and I would be able to add more shorts. I plan to keep doing it until it reaches $20, and cover everything. Just watch. Mean while interested in buying so tellurium?

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  57. goatblowtacus

    You dodged the question JJ. Probably because you are a waste of bandwith with your 100 shares.

    yOU are a goat fucker.

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