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The FED will make a statement about holding off on raising rates and the market will pop back. Keep in mind, the FED chair is a political appointment. The inevitable will be delayed a little longer.
If the market is still down, then I have my plans to buy before the close, I have my alarm set to give me a half hour heads up so I can watch it all play out and decide how much to buy, of course to each his and her own, heck, I may be making a big mistake but since I am in the market for the long term, I am not worried at all...
I don't think the bottom has reached yet. Tomorrow is Friday, and i won't be suprised if events of last Friday repeat.
Waiting and watching but ready to pull the trigger on "Buy"
"Heller suggested that the Fed — through, I suspected, its favored brokerage houses — would purchase stock index futures contracts as a way to stop a market collapse in its tracks. Heller said that since the Fed already rigs the bond market through securities purchases, the stock market would be easy to control."
"Nobody has ever proven that the Fed and its friends actually protect Wall Street against plunges. It is, you might say, the Loch Ness monster of the financial world — people get glimpses of something but never see a clear picture."
"The US Plunge Protectors are going to have their work cut out for them. Rigging the stock market works for a while — but if the equities markets are overpriced, eventually the bubble bursts."
Wednesday I said the bounce resulted because big banks were buying stocks, to keep the market inflated. Someone told me I am an uninformed idiot for thinking that, because banks are not allowed to buy stocks.
Huh? If the central banks aren't banks, what are they? And here we have at least one person strongly suspecting that is what happened.
I don't think the bottom has reached yet. Tomorrow is Friday, and i won't be suprised if events of last Friday repeat.
Waiting and watching but ready to pull the trigger on "Buy"
same here , although i put a lot in the last few days i am holding back a lot for tomorrow. we are either going to soar or plunge with the weekend and monday jitters as people think things over .
Dow is down by 950 points. It doesn't look good , people might panic and start selling.
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