fineye

When the Market Runs Out of Lifeguards, Will You Sink or Swim?

I agree with bearfund, the next Fed move will be 'down'. Recent 'strong' GDP number is the courtesy of weak dollar and not strong domestic economy. And not to forget, the current situation increasingly looks like a prolonged slow growth environment, rather than a quick painful plunge and a sharp rebound. With rising unemployment, cost pressure will eventually subside, and the lack of growth and continued bleeding of Wall Street will force Fed to cut the rates.... and it could well be as soon as pre-Christmas (to boost consumer "morale") or the new year, as the new administration (whichever) will be eager to impress the countrymen.