Some guys at the House decided not for a second vote to prevent for a second "NO". That would push Dow some 1.500 - 2.000 down the hole...
-600 was cheap ... that was really cheap for a fuckup like that...
Walk the Talk from a fun loving discretionary trader 46 replies
You talk the talk I walk the talk 8 replies
DislikedI was so damn well positioned with my Petro, that I'm back to breakeven. Actually I just lost $4.00 on the pack of cigarrettes I chewed in the process
W-H-A-T-T-A D-A-A-Y-YIgnored
Dislikedin a 1-10 scale, how crazy is Bernanke bringing rates to 0% tomorrow?
We've seen him slashing rates out of the blue for much less serious reasons (the Kerviel screwup).Ignored
DislikedIgnored
DislikedA reminder to all who are looking to make it big!
http://www.youtube.com/watch?v=eiBMl...eature=relatedIgnored
Dislikedin a 1-10 scale, how crazy is Bernanke bringing rates to 0% tomorrow?Ignored
DislikedLooks like I've got it right...
Sept. 29 (Bloomberg) -- The Federal Reserve may need to consider dipping further into its toolbox as Congress tries to revive legislation aimed at rescuing banks.
One of the main remaining options for Fed Chairman Ben S. Bernanke to cushion the economy and shore up confidence in financial markets is cutting the benchmark interest rate, economists said. A reduction may be coordinated with other central banks.
``It certainly increases the chance of us going to 1.50 in short order'' (Turtle got it right) from the current 2 percent benchmark rate, said Keith Hembre, chief economist at Minneapolis-based FAF Advisors Inc., which oversees $112 billion. ``Unemployment is likely to continue rising, I think the inflation pressures are dissipating very quickly, and you've got turmoil in the financial markets.''
``Those all argue for another rate cut,'' said Hembre, a former Minneapolis Fed researcher.Ignored
Dislikedafter rejected bailout... fed.. printing 630 million new dollars.... bye bye dollar?
faces of traders seeing the bigger wall street drop: http://www.finanzzas.com/fotos-de-la...de-la-historiaIgnored