The market is forcing global central banks to do what they should have done awhile ago, add liquidity (having the same effect as rate cuts). That will allow room for the Federal Reserve to lower rates without the dollar weakening. In fact the dollar strengthened yesterday. Stocks may start off bad, but the liquidity is going to have a positive effect at some point. Then again, not too many people are going to want to hold stocks over the weekend.
1 posted on
08/10/2007 5:26:55 AM PDT by
Moonman62
To: Moonman62
I disagree. I think the market should be up around 70 to 100 pts. Bargin shoppoing today.
2 posted on
08/10/2007 5:32:25 AM PDT by
Perdogg
(Cheney for President 2008)
To: Moonman62
3 posted on
08/10/2007 5:33:59 AM PDT by
AmericanMade1776
( my opinions do not represent the opinions of the management at Free Republic, they are mine alone.)
To: Moonman62
When this is all over and done, there’s going to be some screamin’ bargains out there.
I think that the actions of the ECB are the most interesting so far. Their injections have not stopped the LIBOR rate from going higher (by about 10+ BP), and they injected more today. The ECB’s actions are why the Fed now has room to act without threatening the dollar’s value, IMO.
4 posted on
08/10/2007 5:35:40 AM PDT by
NVDave
To: Moonman62
5 posted on
08/10/2007 5:37:04 AM PDT by
Former Proud Canadian
(How do I change my screen name after Harper's election?)
To: Moonman62
The DOW has been on quite a roller coaster of late. Funny how the MSM only brings out the cheerleaders when it drops or there is speculation of a poor opening.
8 posted on
08/10/2007 5:43:14 AM PDT by
bws53
To: Moonman62
I still cant get over how more difficulty in getting loans would have such an enormous, and continuous negative overall impact on the markets. I realize the home and lending segments make up a good chunk of the market, but how negative news in that sector can cause such broad, continous selloffs in a market that is this strong confuses me.
To: Moonman62
I'm holding, what else can I do. I'm already diversified, so the only place to go would be cash or bonds. How long will it be, or should I say how bad does it have to get before the Fed lowers rates? Thoughts?
Mike
11 posted on
08/10/2007 5:53:13 AM PDT by
MichaelP
(Robby Gordon got hosed...)
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