Daily Archives: October 29, 2008

We are living in remarkable times. History is being made every day in every way. This afternoon, the US Federal Reserve cut the benchmark rate by .50% to 1%. Again. This is the second time they have cuts rates this … Continue reading →

Roubini this morning on Bloomberg reminding us that we are about half way through this likely 2 year US recession. I agree with his call on this. He believes stocks could get a lot cheaper yet. I also think that … Continue reading →

Big rally today. I would like to believe that this was the pivotal 90% up day on the Dow that will signal the start of the next bull cycle. I doubt that it is but I would be happy to … Continue reading →