Doctor Housing Bubble 01/22/08

[Crewleader]

Who Cut the Rates? California Dreaming and Double-Speak Housing.

Now that was an interesting start to the week. Can you believe that we are only 3 weeks into the year? Anyone that can tell you they predicted this playing out exactly this way is flat out lying to you or should be given some sort of award for forecasting. As many hyper global vigilantes were watching the market last night, seeing two days of worldwide financial carnage many were expecting that the U.S. markets would wake up to much of the same. The DOW futures were pointing to a 670 point loss before the opening bell. It seemed that nothing would be able to stop the decline, that is until Boom Boom Bernanke stepped in with his wonderful Fed speak. Haven’t we already heard this story? The market initially plunged 464 points and gyrated all over the place like a go-go dancer finally coming to rest at a 128 point loss. Not exactly the best outcome given that Ben Bernanke did an emergency liquidity injection to the likes that have not been seen in over 25 years. And by the way, they are still meeting next week and will probably cut again. Take a look at the chart below:

http://www.doctorhousingbubble.com/who-cut-the-rates-california-dreaming-and-double-speak-housing/

[midnight armadillo]

1. that's a great blog

.