Tuesday=Crash
The world markets are down. The futures are way down.
http://www.bloomberg.com/markets/stocks/futures.html
Tuesday is going to be UGLY.
I will probably sit this one out.
Yikes.
-Rocketshoe
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Flash News!
0.75%!!! Will we get more next week? Will we end up like Japan?
http://en.wikipedia.org/wiki/Japanese_asset_price_bubble
http://en.wikipedia.org/wiki/Japanese_asset_price_bubble
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3 comments:
Wow....0.75 rate cut by the Fed before the open...this hasn't happened since the early '80's. I hope everyone moved their 401(k)'s a few months ago when I was screaming for the sky to fall...
The rate cut was severe. The only stocks that actually performed well today were the financials. I don't know how you report a 95% drop in same quarter earnings year to year and see a healthy increase like BAC did. It has to come back down, but how low is the bottom?
Excellent point, and an excellent opportunity. wait for the crest and short the financials.
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