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Bernanke background;(Washington Post article}
Educated At Harvard - postgraduate at MIT- chair at Princeton
Described by colleagues as shrewd, DECEPTIVE, and mild mannered.
If creative accounting is possible so is virtual economics .What number do you want?
In any salvage operation, a temporary but effective measure must be first put in place immediately to arrest and have the situation under control. After the situation is under control, permanent solutions are installed eventually for restoration to normalcy.
Cutting of rates by Fed is the immediate and effective measure. Once normalcy is restored, Feb can find other solutions to solve their inflationary problem, resuming rate increase if necessary...
When STI was near 3100, one should have at least grab some "cherries". For safety don't grab all the "cherries" but at least grab some....
Some red cherries could eventually be blue ones one day if you buy the right ones
Pinnacle, Fed cut rate also die (ppl may think US in red ) no cut also die (market will be heading south)..Ai....dilemma situation just like umbrella & shoes story
Good luck to you
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Fed rate cut this friday, then STI cheong on Monday again???
Actually, I don't wish to see that.
Bcos it also mean that US will have to be in serious RED first and that will definitely affect our slow recovery.
If US red, STI will be even red'er...
Economic theories have to be re- written.
Economic expansion based on debt is possible in the virtual world for a while at least.
Information is all you need not charts or fibonacci numbers etc.
Bernanke born on 13/12/53 is a student on how the great depression (1929)could have been prevented with the correct remedy .He knows what hardship means having worked as a waiter when he was studying.He must be be angry that Greenspan left him with this messy economy.I hope he knows what he is doing because this is an Alice in Wonderland economy.
ARRRGGGGHHHHHH, Victorf,
That's GA.......
Harryp...
:)Re your GA on the Dow...
You mean to say you are the "seventh invincible power spirit-being from the higher-upper unknown realms of the cosmic ether"?...
Surprisingly, the market choose to move up in the next three months (August, September and till 8th/15th October to be confirmed the exact date in october)....while there will be some consolidation on the way, it will be "higher up" rather than "lower low" at least till 8th/15th October ...i would advise to buy in the rebound for the next two months...good luck and it is good to know that certainty is back to the market
Fed rate cut this friday, then STI cheong on Monday again???
Actually, I don't wish to see that.
Bcos it also mean that US will have to be in serious RED first and that will definitely affect our slow recovery.
If US red, STI will be even red'er...
'Desperate' moves are more like crutches to prop up a weak underlying situation.
Will that last?
Will a bull market (ie. stocks on the uptrend) be the result?
A desperate fed will do anything to save the day -market is moving upwards against the fundamentals and chart pattern-asian wall street says fed will use all weapons it possesses 22/08/07
My GA (ghost analysis) indicates DOW shud be up up and away after this week.
Strong rumours of fed rate cut soon.
If the situation gets desperate, Paulson(equally desperate) will allow Bernanke to take a free
penanlty kick(.cut fed fund rates)
If he misses the target ( wrong diagnosis)the consequences could be more serious than the present moment
Looks like it is difficult to repair Humpty Dumpty inspite of so msny bullish calls by brokerages.
Investors have been fooled for too long.
Bernanke and Paulson do not agree on what to do next.
China increases interest rate and the Shanghai is nearly 5000-asking for trouble?
9:41am: Stocks open lower as nervous investors look for safe haven in Treasurys. (more)
6:46am: Futures point to lower open for stocks after flight to quality sends investors piling into short-term Treasurys. (more)
Our 5
C. Market turn
Cautious, turn
Critical, turn
Crazy,
Cruching, err...no
Correction. just my tot.
Good tip, teeth... :)
It took time for 'cold frogs' to become 'super-hot frogs'...
And it also takes time for 'hot frogs' to become 'cold frogs' again...
When the previously 'hot frogs' all become cold frogs, the market would have bottomed...
but not just yet... I believe there are still a lot of warm frogs at this time, as can be seen by the very strong 'rebounds' along the downtrend.
Just FYI
So far as i know, three (3) trading securities houses has designated 6 -12 penny stocks. STI index is sold down just after 2pm, taking a Q from H.K. bourses reversing down it index from +848 points plus, down to +133.72 points.
+0.03%