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Message: Re: Still Buying,,,Rate Cut?
3
Jan 21, 2008 10:35AM
1
Jan 21, 2008 11:49AM

Jan 21, 2008 04:28PM

Jan 21, 2008 05:13PM

  My guess is we will see the Fed CUT RATES tomorrow. Already the DOW futures are down 500 points,,,,if the market opens without a rate cut,,,Sinclair said he expects the DOW to OPEN down 1000 points.

 Back in August,,,the Fed was in same predicament,,,he could not lower rates while other Central Banks were raising rates.

 So the markets had a worldwide meltdown in August,,,,then the FED had his wiggle room,,,and rates were lowered before they were scheduled to meet at the end of the month. 

  Once rates were cut, gold surged.  Hopefully that's what we see tomorrow,,,I ope before the markets open. If not,,,watch out below. It will be UGLY,,,and I mean UGLY.

 But,,look back at August sell off,,,,that was a great buying opportunity.


Jan 22, 2008 06:58AM

Jan 22, 2008 10:46AM
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