Fed action means nothing at this stage – the melt down ready to take Dow down to 7000 after a little bounce back
John Abelson
Jan. 22, 2008

Federal Reserve cut interest rate by 0.75%. But it will have zero effect. As a matter of fact this will just accelerate the depression and global stock market route because this is just a confirmation of the depression that they were hiding from public for many years.

The commodity markets are also falling. The goal of every trader now is to raise cash in the face of the liquidity crunch and the avalanche of financial meltdown and depression.

Dow is ready to fall below 7000 in a relatively short time after a little bounce back. The sentiment is clearly down. The ‘big mouths’ of financial TV and radio are out on the floor crying the bottom is here. That are signs of further crash – sharp crash.

Look for these big mouths to go home ans stay home for a long time before the market can rise again.

Fed’s move is late. Fed and other central banks are out of touch with the reality in the main street. The damage was done by Alan Greenspan’s crazy fiscal policies and Clinton and Bush Administration indifference to it.

Fed action means nothing at this stage – the melt down ready to take Dow down to 7000 after a little bounce back
John Abelson
Fed’s move is late. Fed and other central banks are out of touch with the reality in the main street. The damage was done by Alan Greenspan’s crazy fiscal policies and Clinton and Bush Administration indifference to it.
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According to some analytics, the Federal Reserve and many other central banks will get a wake up call to find their long bonds are also crashing prices and yields skyrocketing ...
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Sell your ETFs and mutual funds before global depression crashes equities and commodities markets
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