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Daily Archives: October 29, 2008
1% today is not the same as 1% in 2003
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
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Free-falling consumption leading this recession
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
A trend change takes more than one day
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
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