Wednesday, October 24, 2007

More dumb shit

Floor Trader:

"like .... it's not that the fed has anything to do before the 31st, I just don't know why they don't cut now."

I heard a smart thing.

If you adjust the S&P for the weak dollar, it has traded flat for the year.

(point being you would be better in the Euro than in the S&P this year. and if the fed cuts, it will be even more true.)

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