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-   -   The fix is in... (https://xoutpost.com/off-topic/lounge/37181-fix.html)

rebound 09-18-2007 02:18 PM

The fix is in...
 
...the Fed cut the reserve rate .5%.

At this writing, the DOW is up 200+!

:popcorn:

Wagner 09-18-2007 02:19 PM

shocker, more rich people just got rich...SCHWEET.

Thunder22 09-18-2007 02:20 PM

our systems are going NUTS

rebound 09-18-2007 02:22 PM

Quote:

Originally Posted by Wagner
shocker, more rich people just got rich...SCHWEET.

My portfolio is going up too, and I'm far from rich.

Why do people hate "rich" people? Hell, I envy them - I'm trying to become one of them!

Thunder22 09-18-2007 02:25 PM

Quote:

Originally Posted by rebound
...the Fed cut the reserve rate .5%.

At this writing, the DOW is up 200+!

:popcorn:


The DOW is going nuts, ranging from +35 to +195...

noncom23 09-18-2007 03:05 PM

Great, and I am rolling my 401k now!

Wagner 09-18-2007 03:33 PM

Quote:

Originally Posted by rebound
My portfolio is going up too, and I'm far from rich.

Why do people hate "rich" people? Hell, I envy them - I'm trying to become one of them!


I don't hate, I'm for it. As a business owner I have NO problem with rates going down. Kind of hard to grow when you can't get loans.

motordavid 09-18-2007 04:17 PM

Nice shot in the arm, but expected effect on this
junkie-like M, imo.

The bloom will be off the rose in a few days or less,
and back to the Sturm und Drang of this frenetic Mkt
and the economy's effect.

Gold is at Qtr century high, oil prices will affect nearly
everything we see, buy, use, consume and, they keep
printing dollars like they are, well...just dollars.

My port is gonna be carefully culled in the next few weeks.
Tough to pick 'em these days; cash/cash equivalents are
king until that ol'monster Inflation creeps in again.
Seatbelts and helmets on.
GL,mD

AzNMpower32 09-18-2007 04:25 PM

This is a slight problem. Now the CDs I'm about to put money in (once my current one matures) are likely going to have lower interest rates. And the US Dollar is gonna be worth even less..........IIRC higher interest rates tend to lead to higher currency rate as more international people want to buy greenbacks.

Perhaps its time for me to invest in foreign currencies. The USD is so worthless thesedays.

Quicksilver 09-18-2007 04:27 PM

Like MD said and :iagree: "Seatbelts and helmets"


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