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Another Fed Cut? November 20, 2007

Posted by Who? in Random.
Tags: , , , , ,

AP story recapping a busy day on Wall Street.  “But in a separate economic forecast, they pointed to slowing growth next year, an uptick in unemployment and moderating inflation — which would seem to portend a possible rate decrease.”

My question is….did the market really interpret the Fed notes as implying a future rate cut?  Rising unemployment, housing is headed for/in the shitter, economic growth slowing, but the dollar and oil (@$98!!) is headed in the wrong direction for rate cuts.  Maybe I need to brush up on my Macro.  Interesting post over at Wallstrip, courtesy of Mr. Lindzon.

Either way the volatility today helped me out.  Thanks to the action I was able to cut my losses on the Google position– tip of the hat to the dead cat.  Bastard.  All in all, netted 15% last month.  Not bad.  Hell of a lot better than sitting in the Vanguard S&P 500 Index Fund.

 The Unsure Businessman



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