Tuesday, January 22, 2008

Emergency Rate Cuts.....Hurrrrrrrrraaaahhh

Are we back on track ? Yes, cuttin 75bp which means we'll get to see temp rally in the markets until end of the 4Q results with range bound.Which means we will have huge short rally today.Futures are cuttin loses here with free give away money from govt by Fed chairman this mornin.

Current economy looks very gloomy out there and there's panic setup in near future.


Are we goin to have Black Tuesday ??

US Market's Futures are lookin ugly with dow down more than 500+ points as we see billions of dollars evaporate due to market's violitity. Are Market's imminent to crash ? Are we lookin for Black Tuesday here ? Let's hope not on a single down day move and if prema bulls comes in picture tomorrow mornin if there are any, then we will see orderly sellin rather than dumpin big for a big down day gap on openin bell which will create a panic in the market's.Any way it sure is shaping to be important day tommorow and we will have some news before the openin bell.


PBS: Breaking The Bank