[quote=nostradamus]FLU you’ve got bigger balls than me, I’m out of this market except for a few shorts (you know the ones).
The FED has pretty much used all their big guns, don’t you think? And still we’re on the brink.[/quote]
Bigger balls means more pain when you get kicked in the nuts:)
Yes, I think the Fed is out of options. They rate cute thing is over, it’s like a antibotic drug that the host organ’s bacteria has already developed an immunity to. Imho if the fed really wanted to prop up the markets, the should have just did the entire .75 or 1.00 percent cut, and be done with it. Another 50 basis point form this point on is not going to to squat.
The credit market is still frozen. It’s gonna take awhile to thaw..I feel bad for the companies that put arne’t holding onto cash
