[The_Victor]

Yuck

[The_Victor]

[mlbford2]

I'm looking forward for the first rate hike. Housing market should tumble and good deals will be just right around the corner. The lower prices should outweigh the increase in interest rates. Anyway, this is my theory.

***The author of this message is not responsible for......yada-yada-yada........

[Moonman62]

Let me guess. Greenspan puts out a manure storm of contradictory statements, as usual, and the nation is enthralled. The reality is he won't hike rates until John Snow or GWB says he's concerned about the weak dollar.

[montag813]

10-YR YIELDS EXPLODE, AS GOOD AS A 25-BP RISE IN FED RATES.

Greenspan is a real douchebag. there was absolutely NO reason for the FOMC to alter their "considerable period" wording.

[OXENinFLA]

So that's why it droped like a ROCK!

[wardaddy]

I cannot think of a worse possible time to raise rates than now.

Before Greenie was all legacy obsessed with inflation. Now, we have zero inflation essentially and are just getting some growth numbers and he has to leave little telltale signs about rate hikes...stupid.

My ceiling on a commercial mortgage I am currently negotiating just went up probably a point.

Peckerhead!

Where is Paul Volker anyhow?

[jveritas]

Wall Street is full of idiots. They act on emotions much more than rational. How can someone react in such crazy and irrational fashion based on "remain to be patient" statement from the Feds. The fact remains that the Feds have kept the interest rate at the lowest level in 46 years but Wall Street is hanging up on one meaningless statement. I just cannot believe this, what do these morons in Wall Street want to hear....

[TBall]

The market has moved a long way in a short time. Would not be surprised if this was the start of a more substantial correction. Not necessarily a bad thing.

[what's up]

Cisco already has had a 10% or so correction from its high. Cisco is a bellweather in the tech area. I predict there will be not a whole lot more downside.

[SquirrelKing]

This is nothing unexpected. As of the end of last fall the market was acknowledging that the great "refi boom" was all but over and I have been conditioning my clients for just that. By omitting the promise the Fed is just preparing the field for the inevitable rate increase that we all know is coming. This, at least, will make it easier to digest rather than having everything be all hunky-dory and then have the rug ripped out from under us.

[Bobby777]

the Fed should be put under the Executive and/or Legislative branches of the U.S. Gov't and taken out of the position it is in now ...

[RetiredArmy]

Greenspan opens trap, market plunges 142 points. Shutup!

[RWR8189]

I heard on some business show today that the change in wording may be due to the fed having already seen the advance Q4 GDP numbers and it is much higher than expected.

Would this make sense to someone who is more business savvy than I?

[ampat]

Don't listen to financial analysts for the short term. They are wrong most of the time. Just read the daily explanations for the movement of the stock market. It's mostly made up of financial news that's not significant. It's laughable.

To show an hourly chart of the market, and claim doom and gloom is irresponsible. It would be easy to find such a chart in any bull market. With the advent of cable news, financial reporters are having to scrape the barrel to fill the available time with information. As a result, there are as many opinions as people.

Do your own analysis, and don't put too much weight in company reports. They are written because it's the law. Report writers can spin witht the best of them. Learn about technical analysis (charts, indicators); it reflects the total market, including the mob psychology, and you can see both the long and short term views, and the historical as well. But don't take my word for it. Do your own due diligence.

[Grampa Dave]

It wasn't just the US markets, basically around the world, every ETF fund lost. Some of the biggest losses were around the world and not in America.

In the US, we had 2 ETFs, which are utility index funds to show an increase and a handful of Euro ETF's had an increase. In fact Vanguard's Euro index fund, VEURX, had an increase.

Some of the biggest decreases where in the Pacific ETF's and South America.