It is a little tough in the market today

[MikeWaters]

http://www.humanevents.com/article.php?id=21982

[BYU71]

Originally Posted by MikeWaters

http://www.humanevents.com/article.php?id=21982

He is basically repeating what he has heard on CNBC.

Eventually when the truth is known hedge funds and these Kerry trades caused the market problems. Remember long term capital? Greenspan bailed out the banks on that one with liquidity. Bernanke is already doing that. Rate cuts are psychological for the consumer. If he cuts rates it will be about saving joe average guy. I guess you could say if Joe average guy gets saved then so does the economy and market. That also helps Joe average guy.

It shows how ignorant Novak is to buy into this rate cut to save millionaires.

[MikeWaters]

are you calling the Prince of Darkness ignorant?

don't fight Novak. You will end up with your tongue coming out of weird orifices.

[BYU71]

Originally Posted by MikeWaters

are you calling the Prince of Darkness ignorant?

don't fight Novak. You will end up with your tongue coming out of weird orifices.

Novak had moved into my "conservatives I don't give a crap about" long before Bill Crystal or Rush Limbaugh did. I see them as people who are in love with their ideas more than being able to get something accomplished. I think at least Crystal is in love with his ideas.

Novak and Limbaugh have self love issues. I see them as guys who prefer to change their own oil.

[MikeWaters]

I wouldn't put Novak in the same category as either of these two.

Limbaugh is a narcissistic entertainer.

Crystal is an ideologue.

Novak is the prince of darkness. Yes, he has a conservative agenda, based on what he chooses to talk about. His most frequent choice is to lionize the people in congress who are fighting pork (which means he frequently bashes Bush). I thought this would be up your alley.

[BYU71]

Originally Posted by MikeWaters

I wouldn't put Novak in the same category as either of these two.

Limbaugh is a narcissistic entertainer.

Crystal is an ideologue.

Novak is the prince of darkness. Yes, he has a conservative agenda, based on what he chooses to talk about. His most frequent choice is to lionize the people in congress who are fighting pork (which means he frequently bashes Bush). I thought this would be up your alley.

Well this is probably the first time we have ever disagreed on something, but I see him as a major narcissistic entertainer.

[FMCoug]

Originally Posted by FMCoug

The rate cut will come ... mark my words.

Just call me ExUte

[BYU71]

Originally Posted by FMCoug

Just call me ExUte

When you get to making 50 predictions and end up right on 15 of them, then I will call you ex-ute.

[BYU71]

Originally Posted by MikeWaters

Novak says the Bernacke doesn't want to cut interest rates because the move would be seen as bailing out millionaires who have made risky investments.

Novak, Bob Novak?? If that is who you are quoting what the heck does he know about the fed? He barely is 50/50 calling the area he is familiar with.

I think the Fed cuts later this year, but I sure as heck hope it isn't done to bail out the hedge funds. Wouldn't bother me if the Goldmans of the world take an absolute ass kicking.

Maybe they will wise up and get back to investing.

[BYU71]

Originally Posted by BYU71

Just curious, do you think Buffet is buying or selling?

Wow the market is up 300 this morning. I guess Buffet was buying yesterday.