Gipper,
if many aren't concerned, IMO they should be concerned!!
Some believe the rate cut on the 18th is a slam dunk.. I could certainly be wrong but I tend to believe the Fed won't cut rates on the 18th.. If they were thinking of cutting them, they likely would have done so already.. If the Fed lowers the rate, it will be because they gave in to the pressure.. The Fed is already pumping Billions of dollars into the economy as we speak and they have lowered the Discount rate previously, as well..
Should the rate be cut, there likely will be a spike up, but it won't last IMO.. Should there 'not' be a cut, will probably be an Ouch..
I personally feel that there is another leg down coming in the market, even without the interest rate scenario.. If the Nasdaq breaks the 200 support line, which is around 2510, won't be good.. The S&P 500 has found support on two previous pullbacks this year around 1370 or so.. Should that not hold, would be problematic also..
As you mentioned, the market is pricing in a rate cut.. You can see it in the Gold price.. The price of Oil is up again. The Dollar is dropping further.. What kind of picture is that drawing..
I agree with you that either way will not effect Telkonet to much degree.. With China's overheated economy, there is money to be made in the right places.. Of course money, what is that stuff anyway??
So that's my Penney or two and if anyone else isn't concerned, IMO they certainly should be.. Only (one thing) is guaranteed?? My friend 'The Shadow Knows'!!!
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