[rohry]

"The Fed is now caught in a catch 22 situation of its own making. The more they lower rates, the worse things are going to get. If lower rates don’t resurrect the economy or the markets they will have nothing else to work with then to start monetizing assets, which may indeed come next."

[rohry]

Posting problems again, but Market WrapUp is delivered...

[EVO X]

"The Fed is now caught in a catch 22 situation of its own making. The more they lower rates, the worse things are going to get. If lower rates don’t resurrect the economy or the markets they will have nothing else to work with then to start monetizing assets, which may indeed come next."

Maybe the fed looked here for rate cutting advice:

http://www.news.uiuc.edu/news/02/1104flash.html

This would also help explain why Illinois republicans got their rear end kicked in state wide office elections.

[who knows what evil?]

What's going on with Citibank? Prime drops again, but they RAISED the interest rate that many of their customers are paying on their plastic over the past month or so. Hmmmm...

[arete]

This article may explain why we got treated to the 1/2 point rate cut today. Give it a read and tell me you think.

Odd Farm-Sector Surge Distorts Jobs Data

Richard W.

[B4Ranch]

Whatever gains in the economy that has been accrued from consumer spending has mainly been in the housing sector and in foreign imports. Despite record consumption by consumers, the main beneficiary of that consumption binge has been with foreign manufacturers as America’s traded deficits have ballooned

Manufacturers are a forbidden race in America. The NAFTA agreement says so.

Want to have fun? Get your Congressman or Senator into a NAFTA conversation. They will literally run for the hills when you mention unemployment. Unfortunately it is illegal to shoot them in the back.

[imawit]

Where's all the rational exuberance ? Didn't the Fed rate go down ? Wasn't this supposed to be the cure-all ?

Guess everybody got the picture this time. A whole half a point in Fed rate is not a good sign, let alone half a point off of 1.75 points.

[Lazamataz]

Everything is so totally screwed, there really is no point any more.

[patent]

The dictionary defines insurance as “an insuring or being insured against loss; a system of protection against loss….” I would suggest to most investors that now is the time to think about owning insurance against financial loss. The insurance I’m referring to is gold and silver

. . . .

Bear market bottoms are accompanied by mass selling of stocks by the investment public, which has yet to occur. Dividend yields and P/E ratios are usually between 6-7. To repeat the words of Warren Buffett, we’ve only made a down payment in this bear market.

Are there Gold stocks with P/E ratios below 7?

patent  +AMDG