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Answers I Really Wanna Know: Will the Fed's Cut Work?

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While it promises to be a long, hard road, doesn't every journey have uphill climbs?

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  • As 75 bips was "priced in" to the Fed Fund Futures, the SINGLE biggest question out there is: will it work?

  • Can we all agree that those scissors are simply one of many policy tools?

  • If YOU were the Treasury Secretary and had a "Buy it Now!" button, wouldn't you incessantly press it today to protect your BFF on the Beltway?

  • We live in interesting times, eh?

  • Is that bullet in their back pocket?

  • Through the lens of denial, migration and panic, are we finally entering the final trimester on a trading basis?

  • Particularly with bellwethers such as Citigroup (C), Merrill (MER), Fannie Mae (FNM) and General Motors (GM) down upwards of 50% from recent highs?

  • But isn't the stock market a different conversation than the economy given Big Ben's chipper chime last week that he didn't foresee a recession?

  • What if it isn't a recession-what if it's something entirely more depressing than that?

  • Even so, wouldn't that take time and price to creep into the collective consciousness?

  • Are the Giants a better team without Jeremy Shockey in the line-up?

  • While it promises to be a long, hard road, doesn't every journey have uphill climbs?

  • Will you remember to "conserve energy" once we've raced up that road?

  • While Bank of America's (BAC) subprime hit is being fingered as a downside catalyst, isn't psychology just as likely a culprit?

  • Do you see the technical importance of S&P 1240 and NDX 1700?

  • Anytime you privatize gains and socialize losses, don't you open the door to moral hazard?

  • Aren't all this stimulus packages segues rather than solutions?

  • Anyone wanna bet a buck that Goldman (GS) has a write-down in its upcoming report?

  • Is there anyone out there who isn't gonna buy the first dip?

  • After the second, deeper, gut-check dip, will you be watching the DNA of the rally in terms of volume, leadership, levels and tenor?

  • After the inevitable Snapper (which may begin from lower levels), will you remember that "selling dips" trumps "buying dips" as a stylistic approach?

  • Are we gonna see a lot more Nationalization as a function of need?

  • Was I early on my 2007 themes?

  • Will I be equally early on my 2008 vibage?

  • JP Morgan (JPM) has a bigger market capitalization than Citigroup?

  • That's gotta make Jamie Dimon happy, eh?

  • Is it me or are there a LOT more homeless people mulling around?

  • Will you remember that gold is an attractive asset class when it's trading around $700?

  • Isn't debt more pervasive than dot.com and real estate?

  • Jeezums, why are people so dead set against a recession?

  • Isn't it part of the natural business cycle?

  • Will those ratchet protection provisions come back to haunt the big banks?

  • Corporatocracy what?

  • Can China hold it together into the Olympics?

  • What the heck happened to the January effect?

  • Do you have your laundry list out with risk appetites and time horizon defined?

  • Will you remember that emotions are best left for weddings and funerals?


R.P.


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No positions in stocks mentioned.

Todd Harrison is the founder and Chief Executive Officer of Minyanville. Prior to his current role, Mr. Harrison was President and head trader at a $400 million dollar New York-based hedge fund. Todd welcomes your comments and/or feedback at todd@minyanville.com.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

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