I have no idea what to expect anymore but while the Asian markets are soaring right now our futures are actually slightly down. The Nikkei fell over 800 pts on Friday and did not get to respond to the monumental .50 discount rate cut from the Fed. I was not impressed with the 200+ plus move on Friday in the Dow, I was expecting a 350 to 500 pt move especially with the amount of short interest in the market. It was actually a pretty weak short squeeze. Anyway I wish you luck with your investments, you are mighty brave in this environment.

I have no idea what to expect anymore but while the Asian markets are soaring right now our futures are actually slightly down. The Nikkei fell over 800 pts on Friday and did not get to respond to the monumental .50 discount rate cut from the Fed. I was not impressed with the 200+ plus move on Friday in the Dow, I was expecting a 350 to 500 pt move especially with the amount of short interest in the market. It was actually a pretty weak short squeeze. Anyway I wish you luck with your investments, you are mighty brave in this environment.

Treasury yields continue to fall, the 91-day precipitously so. That’s not particularly bullish, when a large magnitude of capital rushes into what is essentially cash.

Last week’s Fed actions would appear to be insufficient. It’s time to either cut the FFR or let it float for a while, at least until investors start to pull back from cash positions.

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Yep

“Aug. 20 (Bloomberg) — Ten-year Treasuries gained, extending last week’s rally, on signs the credit crunch in the U.S. will cost jobs and may slow the economy.”

http://www.bloomberg.com/apps/news?pid=20601087&sid=amqiquHVCfHI&refer=home

Not exactly bullish

Is the FED going to be pushing on a string at this point??