bye bye dollar
bye bye yen
Cable Shorts.........Awfully quiet in there....
............. Humble Lifetime Member
Cesarnc's market talk, gossips, rumours & fun
- #4,201
- Jan 30, 2008 11:29am Jan 30, 2008 11:29am
- Joined Jul 2007 | Status: Never Give In | 2,518 Posts
Cable Shorts.........Awfully quiet in there................. 
- #4,204
- Jan 30, 2008 12:11pm Jan 30, 2008 12:11pm
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
Hey all you football fans (not the US variety), did you hear this one:
[BBC] Alan Scott correctly picked the outcome of more than 30 football matches from all over the world to win almost £7,000 from a £1 bet.
[BBC] Alan Scott correctly picked the outcome of more than 30 football matches from all over the world to win almost £7,000 from a £1 bet.
- #4,205
- Jan 30, 2008 12:20pm Jan 30, 2008 12:20pm
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
- #4,206
- Jan 30, 2008 12:35pm Jan 30, 2008 12:35pm
- | Joined May 2007 | Status: Trader | 4,716 Posts
There will be MOOORREEE http://www.clipartof.com/images/emot...r_together.gif http://www.clipartof.com/images/emot...ance_moves.gif
The Federal Reserve cut its key interest rate another half point, as expected, and sparked a stock market rally by signaling that further rate cuts are possible.
http://www.clipartof.com/images/emot...ric_guitar.gif http://www.clipartof.com/images/emot...ng_cocaine.gif
Now the next question is......
Will the ECB and the BOE stand firm??????
Thoughts????
HOLLA
- #4,208
- Jan 30, 2008 12:46pm Jan 30, 2008 12:46pm
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
- #4,209
- Jan 30, 2008 12:57pm Jan 30, 2008 12:57pm
- Joined Jul 2007 | Status: Never Give In | 2,518 Posts
Dow turned red... LOL....
Go figure this market...
Humble Lifetime Member
- #4,210
- Jan 30, 2008 1:00pm Jan 30, 2008 1:00pm
- | Joined May 2007 | Status: Trader | 4,716 Posts
Bond insurers could be downgraded.....
The sh-t has hit the fan....
HOLLA
The sh-t has hit the fan....
HOLLA
- #4,211
- Jan 30, 2008 1:03pm Jan 30, 2008 1:03pm
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
- #4,212
- Edited 6:57pm Jan 30, 2008 1:21pm | Edited 6:57pm
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
- #4,213
- Jan 30, 2008 2:00pm Jan 30, 2008 2:00pm
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
I think CNBC thinks there are as powerful as Cramer himself thinks.
There is always a reaction and then a counter reaction to rate announcements.
Then there is the 3rd move the following day. Which way. Who knows. But I bet CNBC thinks they know.
Eli Lilly in Settlement Talks with Feds Over Zyprexa Marketing; Drug Maker May Pay More Than $1 Billion in Fines: NY Times
I had one very nice promissing GJ trade that reached +70 after the news just to be closed at BE because of this (ENDLESS MF CS) nonsense
- #4,214
- Jan 30, 2008 3:38pm Jan 30, 2008 3:38pm
- Joined Jul 2007 | Status: Never Give In | 2,518 Posts
Stop Trading!: Buy the Financials
By Tom Brennan
Web Editor
cnbc.com
| 30 Jan 2008 | 03:27 PM ET
Despite the fury behind Cramer's "they know nothing!" rant last August, and his constant calls for immediate Fed action to aid the ailing U.S. economy since, "all is forgiven" now that the central bank has cut interest rates again, the Mad Money host said.
The Federal Reserve announced another 50 basis-point decrease in the Fed funds rate Wednesday, taking the number down to 3%. Traders, who had been hoping for the half-percent cut, had pushed up the Dow about 187 points an hour later.
The Fed's move was "incredibly positive," Cramer said, adding that "we are basically out of the woods."
"The markets should be up a substantial amount from here," he said.
The cut doesn't necessarily help the Ambacs and MBIAs of the world, but it does reduce the potential for a system collapse, Cramer said. Now Bank of America should be able to follow through with its bid for Countrywide , and Citigroup can re-liquefy.
"Financials should be bought," Cramer said. Retail and General Motors' preferred stock is a buy, too.
And so is the agriculture sector. Cramer gave the thumbs up to Bunge , Archer Daniels Midland and the fertilizer companies.
"The big sell-off has occurred and the group is ready to re-charge," he said.
Jim's charitable trust owns Citigroup.
Questions for Cramer? [color=#0000ff][email protected][/color]
Questions, comments, suggestions for the Mad Money website? [color=#810081][email protected][/color]
2008 CNBC, Inc. All Rights Reserved
URL: http://www.cnbc.com/id/22915284/
By Tom Brennan
Web Editor
cnbc.com
| 30 Jan 2008 | 03:27 PM ET
Despite the fury behind Cramer's "they know nothing!" rant last August, and his constant calls for immediate Fed action to aid the ailing U.S. economy since, "all is forgiven" now that the central bank has cut interest rates again, the Mad Money host said.
The Federal Reserve announced another 50 basis-point decrease in the Fed funds rate Wednesday, taking the number down to 3%. Traders, who had been hoping for the half-percent cut, had pushed up the Dow about 187 points an hour later.
The Fed's move was "incredibly positive," Cramer said, adding that "we are basically out of the woods."
"The markets should be up a substantial amount from here," he said.
The cut doesn't necessarily help the Ambacs and MBIAs of the world, but it does reduce the potential for a system collapse, Cramer said. Now Bank of America should be able to follow through with its bid for Countrywide , and Citigroup can re-liquefy.
"Financials should be bought," Cramer said. Retail and General Motors' preferred stock is a buy, too.
And so is the agriculture sector. Cramer gave the thumbs up to Bunge , Archer Daniels Midland and the fertilizer companies.
"The big sell-off has occurred and the group is ready to re-charge," he said.
Jim's charitable trust owns Citigroup.
Questions for Cramer? [color=#0000ff][email protected][/color]
Questions, comments, suggestions for the Mad Money website? [color=#810081][email protected][/color]
2008 CNBC, Inc. All Rights ReservedURL: http://www.cnbc.com/id/22915284/
Humble Lifetime Member
- #4,215
- Jan 30, 2008 3:52pm Jan 30, 2008 3:52pm
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
All in all, Fed should keep the mouth shut. Markets were doing great before the statement
Back by London for another interesting (#$@%$, SONUVA%$#%$%, MOTHER#$%$#%#$) happy trading day
Back by London for another interesting (#$@%$, SONUVA%$#%$%, MOTHER#$%$#%#$) happy trading day
- #4,216
- Jan 30, 2008 3:57pm Jan 30, 2008 3:57pm
- Joined Mar 2007 | Status: we are stardust, we are golden | 1,364 Posts
All in all, Fed should keep the mouth shut. Markets were doing great before the statement
Back by London for another interesting (#$@%$, SONUVA%$#%$%, MOTHER#$%$#%#$) happy trading day
Virtue finds and chooses the mean.
Aristotle, Ethica Nichomachea
- #4,217
- Jan 30, 2008 4:28pm Jan 30, 2008 4:28pm
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
- #4,218
- Jan 30, 2008 11:52pm Jan 30, 2008 11:52pm
- Joined Jul 2007 | Status: Never Give In | 2,518 Posts
Humble Lifetime Member
- #4,220
- Jan 31, 2008 12:29am Jan 31, 2008 12:29am
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts