350zCommtech's Account Talk

**350zCommTech** · 03-07-2008, 07:29 PM

Originally Posted by DCguy

dow's now back above 12000
edit: almost

The market bounced when the Yen Failed to break through on just it's second attempt. This looks like market manipulation to me, which was then followed by nervous short covering. This is not good for the market since we never touched 1270.

**Reactive1** · 03-07-2008, 10:46 PM

Originally Posted by 350zCommTech

Fed governors getting smarter by the minute?

Lowering the Prime any more is not necessary. The liquidity already added will have it's effect in the near future but that effect is not going to solve the basic problem with the broad market, and further rate cuts are going to be extremely dangerous. We can survive a bear market, and/or a recession, but inflation that will result from further cuts is the proverbial toothpaste that can't be put back into the bottle. Once inflation is unleashed it can take years to get it back under control and it will be accompanied by a sluggish to down stock market. It would be better to just let the market do what it will do so that a comeback is waiting in the wings, rather than hit the world economy with the double whammy of inflation and stagnation. World-wide demand for all sorts of products and commodities will, all by itself, cause inflation, and to add additional pressure, especially when that pressure is literally a placebo, is borderline outrageous.

**350zCommTech** · 03-07-2008, 11:42 PM

F fund up 3 cents today. UkkiBannana.gif

**Braveheart** · 03-07-2008, 11:51 PM

Originally Posted by 350zCommTech

F fund up 3 cents today. UkkiBannana.gif

Lot of room to move up.

If the Fed cuts rates next week Oil will jump the same day to $110. The market will jump a bit then drop more. Way too much bad news and bad reports.

I am looking at holding in the F Fund but thought it would jump more today I was looking at 6 cents + why did it not jump more or what prevented it from gaining more. THX - Braveheart

**350zCommTech** · 03-08-2008, 12:01 AM

Originally Posted by Braveheart

Lot of room to move up.

If the Fed cuts rates next week Oil will jump the same day to $110. The market will jump a bit then drop more. Way too much bad news and bad reports.

I am looking at holding in the F Fund but thought it would jump more today I was looking at 6 cents + why did it not jump more or what prevented it from gaining more. THX - Braveheart

Yup, they revised January's -17K down -22K, and February's was -63K. We might hear talks in the media over the weekend about a recession.

As for the F fund, it was 5 cents until that afternoon rally in the stock market.

**Braveheart** · 03-08-2008, 12:18 AM

Originally Posted by 350zCommTech

Yup, they revised January's -17K down -22K, and February's was -63K. We might hear talks in the media over the weekend about a recession.

As for the F fund, it was 5 cents until that afternoon rally in the stock market.

I was watching Bloomberg and they said there is no support below now but mentioned buying on low volume somehow moves this market. They also mentioned the Bond Market is a safe play.

One person (From a Firm In Boston MA) mentioned the holders are waiting to sell on an uptick and then he said they would be better off moving to Treasuries now because this market could go to 10,000 then after all is devalued you buy in. From 11,500 down to 10,000 position yourself.

I took that as get the hell out the bargain basement prices are not even here yet. You won't see him on CNBC ever !!!