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Old 19th October 2007, 07:31 PM
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Wall Streets Optimism Evaporates.

Down about 280 points.

It would appear that the Fed has no clothes! :p
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Old 19th October 2007, 07:43 PM
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Re: Wall Streets Optimism Evaporates.

Quote:
Originally Posted by Rubber Duck
Down about 280 points.

It would appear that the Fed has no clothes! :p

They've been saying that 8 out of 9 times, after a i/r reduction, the market turns bearish in less than 2 mths, so it turns out true. In that case, what's the point of reducing i/r? You lost $160 billion in one mth, $90 oil, and $770 gold. There has got to be a better way.
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Old 19th October 2007, 09:04 PM
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Re: Wall Streets Optimism Evaporates.

Global rebalancing...interesting read for those interested in world economics.

http://www.aei.org/publications/pubI...pub_detail.asp
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