The Art & Science Of The Trade II

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'Round Midnight: A Disaster 6/30/2008 11:30 PM

Posted on July 01, 2008

This afternoon when I spoke to Anthony From Brooklyn he made the point that everyone with an ounce of insight -- this excludes 80% of the Street plus the evil fade and most of his posse -- is making:1) The Fed is stuck, unable to raise or lower rates here even if they wanted to do either and....2) It will be very hard to get any sort of sustainable stock market rally with financial companies seizing up Yes, it's an old shibboleth of the Street that as banks and brokers go so goes the market, but I think there's more than a grain of truth in it. It's a disaster, a catastrophoic mother of all ...

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markets , oversold