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Stocks Jump As Rate Cut Hopes Increase (Dow up 335, NASD up 80)
AP?YodleWho! ^ | Wednesday November 28, 2:57 pm ET | By Madlen Read, AP Business Writer

Posted on 11/28/2007 12:14:44 PM PST by rightinthemiddle

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I sold my TXN last Wednesday at $30 and change...I held it for 12 years. I told my broker "this is the bottom" if I'm selling my favorite stock."

Maybe I was right.

1 posted on 11/28/2007 12:14:45 PM PST by rightinthemiddle
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To: rightinthemiddle
DOW Up! Oil Down!

Democrats deeply saddened.

2 posted on 11/28/2007 12:15:17 PM PST by Phantom Lord (Fall on to your knees for the Phantom Lord)
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To: rightinthemiddle; Toddsterpatriot; Larry Lucido

But I wanna be doomed!!!


3 posted on 11/28/2007 12:15:51 PM PST by Petronski (Reject the liberal troika: romney, giuliani, mccain)
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To: rightinthemiddle

Dow up over 500 points in two days?

Cool.


4 posted on 11/28/2007 12:16:01 PM PST by NeoCaveman ("On illegal immigration, Huckabee makes George Bush sound like Tom Tancredo." - Ann Coulter)
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To: Phantom Lord

Goldbugs and Oil Barons deeply saddened.


5 posted on 11/28/2007 12:16:12 PM PST by rightinthemiddle (Without the Media, the Left and Islamofacists are Nothing.)
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To: Hydroshock

Ping!


6 posted on 11/28/2007 12:16:43 PM PST by rightinthemiddle (Without the Media, the Left and Islamofacists are Nothing.)
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To: rightinthemiddle

LOL!


7 posted on 11/28/2007 12:18:12 PM PST by Toddsterpatriot (What came first, the bad math or the goldbuggery?)
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To: NeoCaveman

May be close to 600...I don’t see this rally dying today.

But, tomorrow is a different day.


8 posted on 11/28/2007 12:18:22 PM PST by rightinthemiddle (Without the Media, the Left and Islamofacists are Nothing.)
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To: rightinthemiddle

We are about, what, 700 - 800 points from the all time high or so?


9 posted on 11/28/2007 12:19:23 PM PST by NeoCaveman ("On illegal immigration, Huckabee makes George Bush sound like Tom Tancredo." - Ann Coulter)
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To: rightinthemiddle

How is NYT doing? :0)


10 posted on 11/28/2007 12:20:52 PM PST by Cowboy Bob (Real men don't vote Democrat.)
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To: NeoCaveman

About 900.


11 posted on 11/28/2007 12:21:16 PM PST by Toddsterpatriot (What came first, the bad math or the goldbuggery?)
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To: rightinthemiddle

Bush’s fault?


12 posted on 11/28/2007 12:22:01 PM PST by sionnsar (trad-anglican.faithweb.com |Iran Azadi| 5yst3m 0wn3d - it's N0t Y0ur5 (SONY) | UN: Useless Nations)
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To: Toddsterpatriot
Nothing makes my week like watching the bears take it right in the teeth.


13 posted on 11/28/2007 12:23:10 PM PST by Petronski (Reject the liberal troika: romney, giuliani, mccain)
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To: Toddsterpatriot

Cool.


14 posted on 11/28/2007 12:23:11 PM PST by NeoCaveman ("On illegal immigration, Huckabee makes George Bush sound like Tom Tancredo." - Ann Coulter)
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To: rightinthemiddle

I almost called my broker Monday to tell him to go completely to cash. Glad I didn’t. Probably also a sign of a bottom.


15 posted on 11/28/2007 12:24:04 PM PST by jalisco555 ("The only thing we learn from history is that we never learn from history." Winston Churchill)
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To: NeoCaveman

Let me check...I think it was 14,300.

Up 365 now.


16 posted on 11/28/2007 12:27:41 PM PST by rightinthemiddle (Without the Media, the Left and Islamofacists are Nothing.)
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To: jalisco555

You’re exactly correct. When most Americans, who have an upside mental bias (ie, Americans are, by and large, optimists) finally throw in the towel, it is usually close to the bottom.

One of the things necessary to becoming a successful trader (as opposed to investor) is to be able to observe these emotions in one’s self, and then do exactly the *opposite* of what your instinct tells you to do.

I covered shorts earlier this week because I was feeling like “Awwww crap... I’m going to have to sell all these longs and take losses...” so I did the exact opposite: covered my shorts.

When did I put the shorts on? When I was feeling pretty darn pleased with myself.


17 posted on 11/28/2007 12:27:52 PM PST by NVDave
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To: Cowboy Bob

It’s a SELL.


18 posted on 11/28/2007 12:28:14 PM PST by rightinthemiddle (Without the Media, the Left and Islamofacists are Nothing.)
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To: rightinthemiddle

The Fed Rate Cuts will not stop the impending issues....

Remember folks, Japs fed had rates at 0% for years, and they still were in recession for nearly a decade.


19 posted on 11/28/2007 12:29:59 PM PST by HamiltonJay
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To: rightinthemiddle

Does this (if they cut rates) translate into lower re-fi rates for mortgages?


20 posted on 11/28/2007 12:30:32 PM PST by CygnusXI (Where's that dang Meteor already?)
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