Fed cuts rates 3/4 of point

[jasonuher]

 

[tsetsefly]

oh my, gold it is!

 

[homah]

How will this impact the market today? Will this give me a chance to exit before the real bloodbath happens?

 

[Allen72289]

Gold up another 25 in 14 minutes of the market opening???

 

[Dr.3D]

Nothing like throwing up a red flag in front of a bull market.

 

[AlexMerced]

Nothing like throwing up a red flag in front of a bull market.

so I hsould invest in Red Bull is what your saying

 

[Dr.3D]

so I hsould invest in Red Bull is what your saying

Might as well go down with some red bull.

 

[JordanQ72]

Oh boy, this is going to get rough. The futures chewed through the 75 points and we're back into the deep red less than an hour later.

 

[jaybone]

This is IT!
www.jsmineset.com

if you have not prepared, your time is running short.

 

[davver]

This is your last chance. Rate cut will solve nothing. Get out of stocks, maybe even short them.

Short stocks, long gold.

 

[ForLibertyFight]

Does this mean we are done?

 

[jclay2]

I really don't believe in this magic histeria over rate cuts. The last time I checked the market it was crawling back up with only a loss of 170. I really think there will be some more carnage than just 170. As for this being the big recession that some of you talk about on this forum, I don't think so. I think the big depression will hit when United States consumers finally feel the effects of not saving and spending on mass sums of credit. That coupled with 70 million baby boomers receiving social security and healthcare should topple the system somewhere between 2017-2030.

 

[AceNZ]

75 basis points gives the market some short-term relief while making the ultimate correction even worse than it would have been otherwise.

What's worse is that the market is expecting another 50 basis point cut at the next Fed meeting at the end of the month.

 

[Fox McCloud]

I really don't believe in this magic histeria over rate cuts. The last time I checked the market it was crawling back up with only a loss of 170. I really think there will be some more carnage than just 170. As for this being the big recession that some of you talk about on this forum, I don't think so. I think the big depression will hit when United States consumers finally feel the effects of not saving and spending on mass sums of credit. That coupled with 70 million baby boomers receiving social security and healthcare should topple the system somewhere between 2017-2030.

that's a very, very optimistic look at things.

if it was delayed until 2017, we'd be "lucky", so to speak.

You forget that at some point in time, if the Fed continues to cut interest rates, the foreigners will dump the dollar, leading to an instant currency collapse.

 

[jclay2]

Fox mccloud: I am not saying that bad times can't happen in between that time period. I just think that the Big One will happen then.

 

[pinkmandy]

The first babyboomers became eligible for SS January 1, 2008. In 3 yrs they get Medicare, too. I think they will hold off the BIG depression for a bit. At least I hope they do so I can sell my house in April.

 

[Fox McCloud]

Fox mccloud: I am not saying that bad times can't happen in between that time period. I just think that the Big One will happen then.

I really wouldn't hold your breath...but that's me.

 

[jonahtrainer]

75 basis points gives the market some short-term relief while making the ultimate correction even worse than it would have been otherwise.

What's worse is that the market is expecting another 50 basis point cut at the next Fed meeting at the end of the month.

Soon the Fed will be out of basis points. When USD and GOLD both yield 0% why hold USD? Just look at what the price of gold has done in YEN even with all the central bank suppression of the gold price.

GATA's ad comes out this week which will throw fuel on the fire. We may see currency controls in 4-10 months.