The Fed decided to do nothing. However, Fed Governor Fisher did dissent. That fucker wants to hike rates.
Here are my thoughts:
Under normal circumstances, when the Fed raises rates, the markets go higher, due to a strengthening economy. However, because of inflation, any rate hikes will serve as a response to runaway inflation and not to stem robust growth.
So, I think it’s fair to assume higher rates, while growth slows—leaving the market fucked until further notice.
With regards to today’s action:
Always fade the initial reaction. I would not be surprised to see the real move tomorrow. As a result, I have decided to do nothing, content with my current blend of market mastery.
All I can tell you, with the confidence of a lion in a rabbit cage, get long crude, via [[RIG]].
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Expect home builders to choke and die on a John Holmes sized wad. Short 500 DHI @ $3.10 avg.
Crazy action, followed by a slow drift lower (either today or tomorrow).
hmmmm- okay
“Frankly, there’s very few levers left … [T]his energy crisis is affecting consumers … People aren’t spending. People aren’t driving. Really, you need to look at ways to control what’s happened in the inflationary world and really take the risk that by raising rates, you may actually cause some demand to go weaker. I think it’s back to where Paul Volcker was in the early ’80s. There’s a real risk here and we’ve got stagflation. You can only break out of it one way and you better take on inflation head-on.”
Andrew Liveris, chairman and CEO of Dow Chemical, June 24, 2008
Oil to $150. Here we come….
Bernanke really fucked up. The market is going to fuck this guy over hard in the next few days.
GM is negative … must be on the ropes
Crazy action: done
Drift lower: hopefully
Fly, I am riding the RIG with you.
I see DCR is having a death rattle at .012 (down 50+%) even as crude is lower.
My take on the fed announcement:
zzzzzzzzzzzzzzzzzzzzzzzzzz…..
Wake me up when the market closes and give me a frozen banana dipped in chocolate and 3 jolt monster energy cola drinks.
Thanks
While the cretins immediately went on the attack with the ags, just because that worked before, they got bitchslapped back. That signals a change in attitude. Jakey, you were all over that chf dip, yes?
Remember, probably $800 billion more writeoffs in the financials plus dividend cuts for anyone still paying divvys. RBS warned about a financial meltdown worldwide – reveals the concern in the financial system. The financials are the worst since the Depression.
Covered DHI @ $12.65, fuck waiting for the slow downward spiral. Made enought to buy me some malt liquor.
If someone’s in farm & ag’s, does that mean they’re into fags??? Weird shit happening down on the farm.
The flying baboon is yapping about being less ethnocentric. Yes good call Jimmy. btw, you should mellow out the crack with a little whiskey. lmao, erin told him not to spit on her again. Yes invest in India and China, good theme. And Brazil is very stable. Like a fucking powder keg sitting in a match factory. Fuck Heebner, fuck Mobius, and most of all fuck the little yapping flying bald ape Cramer.
wow, this is some choppy shit….market looks to be confused
psssst….hey, mr. market…..this is a bad thing
My eyes are closed, this shit is bananas!
SZK is a gift for anyone wanting to initiate a position here. Betting on the consumer at this time is like shredding wads of crisp $100 bills.
STOCK MARKET
http://youtube.com/watch?v=xFFKT-xvBlk
http://www.rallymonkey.com/video/kenindex.swf
alpha-
just looked at the holdings of SZK. do you think the bag-o-donuts names (WMT etc) outweigh the bilderberg names (TIF etc) ?
worried about it being like SMN, i.e. (per fly) one of those “ya just cant win” mixes
it’s ‘descent’, you retard
LOL. Even though I’m a dedicated bear here, I cannot get enough of that smiling little fucker, the Red Sux Rally Monkey.
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Calvin — I’m not really a currency speculator. I find it easier to just buy gold and store it somewhere.
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it’s ‘descent’, you retard.
I think we may have our “Dumber Than Maxine” (Waters) award winner for this month.
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Anon:
Uneducated fools like you are the reason why this country is on the decline.
http://dictionary.reference.com/browse/dissent
I am LMAO @ Anon you dum dum!
Too easily baited, Broker A.