Zeev's Turnips Patch-No Politics (ZEEV)

[sarai]

"Will the FED act at all?"

Who cares? I don't mean to sound patronizing but after 11 rate cuts the markets continue their descent. 1.75% or 1.25%, it's like beating the proverbial dead horse but some traders are like compulsive gamblers, "this one is the winner!".

Does anyone really believe another 1/4 or 1/2 pt will cause a market reversal, a "new bull born" in pundit speak? Does anyone really believe such a cut will stimulate real economic recovery? I don't.

Greenspan can cut rates to 0%. It won't stimulate recovery in the markets or the economy. Greenspan is doing more harm than good.