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Stocks Jump As Rate Cut Hopes Increase (Dow up 335, NASD up 80)
AP?YodleWho! ^
| Wednesday November 28, 2:57 pm ET
| By Madlen Read, AP Business Writer
Posted on 11/28/2007 12:14:44 PM PST by rightinthemiddle
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To: rightinthemiddle
I think 14,180.
21
posted on
11/28/2007 12:32:30 PM PST
by
Toddsterpatriot
(What came first, the bad math or the goldbuggery?)
To: HamiltonJay
22
posted on
11/28/2007 12:34:42 PM PST
by
jdm
To: rightinthemiddle
The fed opened the door for a further interest rate reduction. I don’t see how that doesn’t bode well for gold and bad for the dollar long term.
23
posted on
11/28/2007 12:34:52 PM PST
by
Rockitz
(This isn't rocket science- Follow the money and you'll find the truth.)
To: Petronski; rightinthemiddle; Toddsterpatriot
But, but...oil prices! And the housing bubble! And housing price crash! And flat Chrismas sales! And the credit crunch in March from the, um, from all the Christmas sales..
To: rightinthemiddle
25
posted on
11/28/2007 12:37:10 PM PST
by
Republican Red
(The word "courage" is not in the liberal vocabulary)
To: CygnusXI; RockinRight
Does this (if they cut rates) translate into lower re-fi rates for mortgages?Oddly, no, not directly. Most ARMS are calculated based on an index called LIBOR (and published in the WSJ). RnR will know.
26
posted on
11/28/2007 12:37:37 PM PST
by
Petronski
(Reject the liberal troika: romney, giuliani, mccain)
To: jdm
Hahaha... just stating the truth.
Rate Cuts only do so much... I know it excites the emotional folks on wall street, but much of the issues we are facing are not related to rate cuts.
Not only that, but with every rate cut they do enact, you will see the dollar further slide against foreign currencies.
To: rightinthemiddle
The dollar is doing “better” as well. If they are anticipating a rate cut, why is the dollar going up?
28
posted on
11/28/2007 12:39:58 PM PST
by
Perdogg
(Elections have consequences.)
To: rightinthemiddle
Bear market rallies are vicious, as are topping rallies.
Early 2000 had a rally that somewhat outdid this one.
We all know what happened next.
29
posted on
11/28/2007 12:39:58 PM PST
by
steve86
(Acerbic by nature, not nurtureā¢)
To: rightinthemiddle
No, The FR goldbugs said gold was going to $2000.
30
posted on
11/28/2007 12:41:40 PM PST
by
Beagle8U
(FreeRepublic -- One stop shopping ....... Its the Conservative Super WalMart for news .)
To: rightinthemiddle
A rate cut! Yipppeee!!!
Inflation here we come!!
31
posted on
11/28/2007 12:42:08 PM PST
by
Obadiah
To: Perdogg
The dollar is doing better as well. If they are anticipating a rate cut, why is the dollar going up?I don't think the author is correct, that this is a rally based on an expected rate cut.
I think this is a continuation of yesterday's rally that had 3 reasons
1. strong holiday sales
2. Abu Dabi stepping in with their petro dollars
3. stocks were getting too cheap.
32
posted on
11/28/2007 12:43:11 PM PST
by
NeoCaveman
("On illegal immigration, Huckabee makes George Bush sound like Tom Tancredo." - Ann Coulter)
To: rightinthemiddle
I hope they raise rates and send all these fools to the poor house!
33
posted on
11/28/2007 12:43:54 PM PST
by
dalereed
To: HamiltonJay
I understand your concern, but it's worth noting that a big difference with Japan is that it has a lot of what might be called "institutional stagnation" -- i.e., no population growth, limited acceptance of immigrants, etc. -- that tends to act as an enormous anchor on their economy.
The U.S. has to cope with some of these factors, but to a far lesser extent than Japan did.
34
posted on
11/28/2007 12:44:25 PM PST
by
Alberta's Child
(I'm out on the outskirts of nowhere . . . with ghosts on my trail, chasing me there.)
To: Alberta's Child
no population growth, limited acceptance of immigrants, etc. -- that tends to act as an enormous anchor on their economy. How does this differ from what a large fraction of people on here want for this country?
35
posted on
11/28/2007 12:47:14 PM PST
by
garbanzo
(Government is not the solution to our problems. Government is the problem.)
To: Petronski
Fixed rates are based on the 10 year bond as well.
Generally, the LIBOR follows the Prime rate but there is no direct correlation.
36
posted on
11/28/2007 12:47:20 PM PST
by
RockinRight
(Just because you're pro-life and talk about God a lot doesn't mean you're a conservative.)
To: CygnusXI
I don’t follow it closely but three-month LIBOR rates are up today, and most days.
37
posted on
11/28/2007 12:48:42 PM PST
by
steve86
(Acerbic by nature, not nurtureā¢)
To: RockinRight
...there is no direct correlation.That's the part I was getting at (or trying to...).
38
posted on
11/28/2007 12:49:03 PM PST
by
Petronski
(Reject the liberal troika: romney, giuliani, mccain)
To: Alberta's Child
I’m not implying the US is Japan, I’m just point out that rate cuts are limited in their impact, and the mess of the housing and credit crunch are not going to be alleviated by a rate cut.
There was a long run of good times, and now the piper will be paid. Fed can do things, but it can’t eliminate this.
At the end of the day, the bulk of the economy can be traced back to real property... and the value of that is contracting and going to continue to for quite some time. Rate Cuts won’t change that.
To: Phantom Lord
I've been hearing this guy on the top of the news every hour saying how investors aren't paying attention to the housing problems we have. As if trying to say...
"HEY, you idiots... You can't make the markets go up, we've got BIG problems here!"
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