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Re: Not_Bill_Oneil post# 608

Wednesday, 10/08/2008 8:42:48 AM

Wednesday, October 08, 2008 8:42:48 AM

Post# of 708
It's not enough...

Bernanke's 1/2 pt coordinated cut.

Not this late.

Besides the FOMC minutes released on Tuesday, Bernanke's speech on Tuesday matched everything in the minutes that after stating the problems he notes they are still concerned about inflation.

That's the problem, that's what the market doesn't like, that's what going to take us down after a brief pause here.

If you've got cash next year, you've got deals coming your way in everything and anything. There is going to be massive deflation.

GL.