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  #1  
Old 09-18-2007, 02:18 PM
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The fix is in...

...the Fed cut the reserve rate .5%.

At this writing, the DOW is up 200+!

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You have to get over the whole 9/11 thing buddy.
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  #2  
Old 09-18-2007, 02:19 PM
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shocker, more rich people just got rich...SCHWEET.
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  #3  
Old 09-18-2007, 02:20 PM
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our systems are going NUTS
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Old 09-18-2007, 02:22 PM
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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!
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2010 528Xi
I demand justice.
Or, if there must be injustice, let it be in my favor.

Reynold's Wrap: it's not just for hats anymore.

Quote:
Originally Posted by Eric5273
You have to get over the whole 9/11 thing buddy.
Quote:
Originally Posted by Winston Churchill
Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery.
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  #5  
Old 09-18-2007, 02:25 PM
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Quote:
Originally Posted by rebound
...the Fed cut the reserve rate .5%.

At this writing, the DOW is up 200+!


The DOW is going nuts, ranging from +35 to +195...
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  #6  
Old 09-18-2007, 03:05 PM
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Great, and I am rolling my 401k now!
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  #7  
Old 09-18-2007, 03:33 PM
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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.
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An unwavering defender of those I see worth protecting.

"promote the general welfare, not provide the general welfare"

We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.

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  #8  
Old 09-18-2007, 04:17 PM
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motordavid will become famous soon enoughmotordavid will become famous soon enough
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
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  #9  
Old 09-18-2007, 04:25 PM
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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.
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  #10  
Old 09-18-2007, 04:27 PM
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Quicksilver will become famous soon enoughQuicksilver will become famous soon enough
Like MD said and "Seatbelts and helmets"
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