SwingTrade Member Forum

[BuzzOnDaBeach]

I actually think they will cut, then we'll get a rally. If they don't, the language for October will be important. However, they did state today "although we may cut rates in Sept, we don't see the same pressing need the market does".

Now, when everyone finishes interpreting that, it may simply mean the subprime situation doesn't realy affect anything but the subprime market, so get over it. The economy is relatively strong but inflation slightly higher than the fed would like. So when all is said and done, at some point, the market will just say screw it and go up.

If it does tank, it will bottom out in Oct, IMO, for a nice rally into the new year.

Buzz