wahz, so do you think we break 1347 prior to the Fed announcement then fall on the news, or was the second test of 1347 today it and we head down from here?
Time to add more gold. Dollar index breaking down again. If the FED cuts, both gold and the market may rally initially, but long term Greenspan only makes the credit bubble that much worse. 11 cuts and no substantial improvement, but the 12th cut is going to make the difference? Don't think so.
tell me,why should it be obvious to everybody? I suppose you in are the camp that believes that will be Bullish for the markets. But let me not be the one who puts words in your mouth. If the Fed believes that by cutting rates here will have a productive effect on the economy than the question that begs to be answered is how bad are things out there. Most of the economic news released late this week was not bullish but the market saw fit to see it otherwise. The crowd sees a rate cut coming,but my eyes must need glasses.
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