Replies to post #111814 on ajtj99's Market Pulse

[chainik]

jdaasoc, if the future of the economy is so gloomy, why are insiders buying so much? I've been asking this question to a number of bears and never got an answer :)

I don't subscribe to any professional service tracking insiders, but as far as I can tell, the level of buying now is similar to that in August - which was the greatest in years.

[uncle_chubbie]

yep,large downside is still very possible. Abu Dhabi investing in Citigroup and Paulson's plan do nothing to spur demand therefore corporate profits are still at risk. news driven market next week until friday, not much data until the jobs number. Even more important than ever as the consumer remains in focus. rate cut is highly expected, however, there are two variables that have to be considered along with that, first rate cut effects take 6-8 months to provide growth, second a rate cut is not synonymous with the libor rate.Banks have not forgotten there mistakes and will still demand a premium to lend money as a result of the credit crunch. Gentle Ben has to give up 50, but more importantly he has to go to the discount window to keep things flowing short term. (JMHO) CHUBBIE