Tuesday, October 30, 2007

Everyone Sit on Your Hands - How Lame

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Sorry but all this Fed watching is just annoying. As if 25 or 50 basis points will change anything in the next 1-2 quarters.... really it's a bunch of noise. But everyone is sitting on their hands, not doing a darn thing, and just waiting for Wednesday 2:15 PM. Like a lottery event or something. Everyone places their bets, waits for said event, and then sees if they are a winner or a loser. Bah. Why should the market react significantly one way or the other? We know we have issues - we know the Fed is trying all it can do to bail out speculators err ... ummm... I mean the American people. And we know whatever they do will take quarters to filter through the US economy. So why do we sit here like idiots waiting for the "sign of God" before people actually buy or sell with conviction. It is so idiotic, just a big game of chicken. 98% of companies fundamentals will not change one iota no matter what the Fed does, certainly not in the next few quarters - but their valuations could all swing 5-10-15% in a matter of minutes? How lame. All of it.

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