Tuesday, March 18, 2008 1:59:31 PM
Good luck.
Cramer just wrote a piece about his rant last night on the show regarding NYX - great piece! It outlines what I was thinking when I watched it a second time last night - that he's giving up so it will now probably get going. Then we get those announcements this morning.
He also outlines some other bad calls of his of late at this market juncture.
And here's how he ends his piece this morning: "We are always looking for signs of a bottom after a big selloff. I earlier indicated that I didn't see a lot of capitulation yesterday. But the details above are all signs of capitulation, at least by me and other people in the media".
Right now, 15 minutes to this next Fed announcement.
I'm waiting for after the actual cut amount announcement and see if they add to it and do something else creative - that could be the kicker, especially if it's only 75 bps. Even if they don't, 75 might continue the rally based on the changes they did on Sunday opening up the discount window.
And on the off chance they do say 50 bps, probably should buy right away 'cause something else bigger is likely following in the text.
GL.
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