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Originally posted by Homersays
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WHAT???!!!...I hardly call your statements right on the money...If you wanted to know what it would be you shoulda read my thread Homz...IIC"Trade What Is Happening...Not What You Think Is Gonna Happen"
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You also said your pal made billions. Soros is the only "George S." that fits the bill.Originally posted by Homersays—RobComment
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LOL! Not important about 1/2? Then why did you announce:Originally posted by Homersays
And:Originally posted by Homersays
<< Have been posting a 1/2 fed increase and a pause since prior to June 12. >>Comment
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Nice call Homer!!Comment
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The Fed had 2 choices. Raise 1/4 and pause which it in effect has communicated or raise 1/2 and say for a fact it has paused. What matters is the result and my statement yesterday that yesterday's late rally was the beginning of a pre-holiday rally of 300 Dow points. What was your prediction on the last jobs report? What did you have to say when I posted to sell on the jobs report? In fact, what have you ever said about anything which takes guts?Originally posted by DStecklerComment
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[QUOTE=Rob]You also said your pal made billions. Soros is the only "George S." that fits the bill.[/QUOTE
You guys are totally devoid of a sense of humor. Get a life !Comment
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Originally posted by Homersays
Right on the money !Comment
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Try again next month, Garbo. LOL!Originally posted by HomersaysComment
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DJ Summary of the Fed below...
Special Summary Of The FOMC's 25BPS Rate Hike Decision
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The Federal Reserve Open Market Committee raised the Fed Funds 25 basis points Thursday to 5.25% from 5.0% at their policy meeting. The rate increase was widely expected but the financial markets are studying the statement from the FOMC for clues about the outlook for interest rates.
For full coverage of the FOMC's decision, the verbatim text of the policy statement and market reaction, please use the code G/FED.
Fed Lifts Rates 0.25-Pt To 5.25%; Signals May Pause
The FOMC on Thursday raised official rates a 17th-straight time by one quarter point but stepped back from its pre-commitment to further rate increases, suggesting it may pause the tightening campaign if infltion readings subside. The FOMC voted unanimously to increase the Fed funds rate by 0.25 percentage point to 5.25%, its highest level since March 2001.
However, the FOMC deleted its May statement that "some further policy firming may yet be needed to address inflation risks," suggesting anothr rate increase isn't a done deal.
Verbatim Text Of Federal Reserve's Interest Rate Decision
The following is the verbatim text of the Federal Reserve's decision on interest rates released Thursday, June 29:
The Federal Open Market Committee decided today to raise its target for the federal funds rate by 25 basis points to 5-1/4 percent.
Recent indicators suggest that economic growth is moderating from its quite strong pace earlier this year(AS I POINTED OUT ALREADY ON MY THREAD. Homer...Do you think I make up this crap?), partly reflecting a gradual cooling of the housing market and the lagged effects of increases in interest rates and energy prices.
Readings on core inflation have been elevated in recent months. Ongoing productivity gains have held down the rise in unit labor costs, and inflation expectations remain contained. However, the high levels of resource utilization and of the prices of energy and other commodities have the potential to sustain inflation pressures.
Although the moderation in the growth of aggregate demand should help to limit inflation pressures over time, the Committee judges that some inflation risks remain. The extent and timing of any additional firming that may be needed to address these risks will depend on the evolution of the outlook for both inflation and economic growth, as implied by incoming information. In any event, the Committee will respond to changes in economic prospects as needed to support the attainment of its objectives.
Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; Timothy F. Geithner, Vice Chairman; Susan S. Bies; Jack Guynn; Donald L. Kohn; Randall S. Kroszner; Jeffrey M. Lacker; Sandra Pianalto; Kevin M. Warsh; and Janet L. Yellen.
In a related action, the Board of Governors unanimously approved a 25-basis-point increase in the discount rate to 6-1/4 percent. In taking this action, the Board approved the requests submitted by the Boards of Directors of the Federal Reserve Banks of Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, and Dallas.
Dollar Drops Vs Euro And Yen, Treasurys Move Higher After Rate Hike"Trade What Is Happening...Not What You Think Is Gonna Happen"
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Doug, correct me if I'm wrong but the Fed raised a 1/4 point, not a 1/2...right? <VBG>Comment
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Geez...I don't speak Bernspeak (Took me 10 years to learn Greenspeak)and they don't have it at Freetranslation.com...So I'll just have to depend on Homeboy for an interpretation...lolOriginally posted by DSteckler"Trade What Is Happening...Not What You Think Is Gonna Happen"
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Originally posted by DSteckler
How do spell schmuck? S T E C K L E R .Comment
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You should use a different size font, Garbo...One with a 1/4 point font rather than a 1/2 point font.
ROTFL!Comment
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Scents Of Humor
Oh, I need a sense of humor. I thought ... well nevermind. Okay, let me try to get a sense of humor then:Originally posted by Homersays
Thank you, ladies and gentlemen, thank you. It's good to be here at the Mr. Market lounge. I'd like to dedicate this next number to Homersays. It was a big hit for Travis Tritt. It's called "Here's a Quarter - Call Someone Who Cares."
What do you think, Homer? Is that humorous?—RobComment
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"The empty vessel makes the greatest sound." William ShakespeareOriginally posted by RobComment
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