Comments on: GMI: 0; Fed rate cut imminent? http://wishingwealthblog.com/2007/08/gmi-0-fed-rate-cut-imminent/ A stock trading blog by Dr. Wish Sat, 11 Feb 2012 11:41:22 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Anonymous http://wishingwealthblog.com/2007/08/gmi-0-fed-rate-cut-imminent/comment-page-1/#comment-200 Anonymous Thu, 16 Aug 2007 08:48:14 +0000 http://wishingwealthblog.com/?p=344#comment-200 A rate cut may start the whole excessive speculation (or rather, gambling) cycle again, i.e, another bubble. Let the market flush out greedy bastards, who irresponsibly gambled ( using excessive leverages) with naive investors' money. These street thugs expect the Fed to bail them out every time the market seems to be in trouble due to their rampant speculation without any regards for risks. The sad thing is if things get worse and worse, at one point the Fed may have to cut to save the economy. And as usual, the poor people are the ones that suffer most, while the rich keep getting richer, and always get away with their misdeeds. The dollar is currently teetering on multi-year support with a recent feeble bounce. Those who wish for a rate cut may get their wish sooner or later, but when and if they get it, they may witness a different kind of crash, and this one won't be pretty. A rate cut may start the whole excessive speculation (or rather, gambling) cycle again, i.e, another bubble. Let the market flush out greedy bastards, who irresponsibly gambled ( using excessive leverages) with naive investors’ money.

These street thugs expect the Fed to bail them out every time the market seems to be in trouble due to their rampant speculation without any regards for risks.

The sad thing is if things get worse and worse, at one point the Fed may have to cut to save the economy. And as usual, the poor people are the ones that suffer most, while the rich keep getting richer, and always get away with their misdeeds.

The dollar is currently teetering on multi-year support with a recent feeble bounce. Those who wish for a rate cut may get their wish sooner or later, but when and if they get it, they may witness a different kind of crash, and this one won’t be pretty.

]]> By: void http://wishingwealthblog.com/2007/08/gmi-0-fed-rate-cut-imminent/comment-page-1/#comment-201 void Thu, 16 Aug 2007 06:41:21 +0000 http://wishingwealthblog.com/?p=344#comment-201 The rally will come within 1-2 days. not good time to short. Personal oppinion. The rally will come within 1-2 days. not good time to short.

Personal oppinion.

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