*Because the market saw the fed showed lack of confidence with the economy (that they had to slash more). If the fed isn't that optimistic, why should they (the market). The market soon will realize that this could be the final move from the Fed, so my best bet this' only a temporary shock aka profit taking.
I need to ask for more money. ^^ Buy on weakness. Elaine* On Thu, May 1, 2008 at 6:58 AM, David Hartanto <[EMAIL PROTECTED]> wrote: > I'm a bit confuse, shouldn't the interest rate cut suppose to strengthen > the index? Or this fenomena will indicate that the effect of subprime is > not over yet? Hence it will also dragged the index globally down as well as > IDX ? > > *Elaine <[EMAIL PROTECTED]>* wrote: > > *Dow plunges -120 point from its day high, oil jumps +$1 to 114, USDJPY > falls to 103..**after the fed announced the cut. You should know by now > why we don't like it. **Obviously the Wall Street also doesn't like it. > That also makes the interest rate spread with ID is a bit too wide. But I > think this is only a temporary set back, so It doesn't change my view, still > with Buy on Weakness. > > Elaine** > * > 2008/5/1 pemainedan <[EMAIL PROTECTED]>: > >> Bull warrior sejoli EL & Embah udah NYERUDUK tuh. Mantap lg, bukan >> rate aja yg di-cut, oil pun mluruk hingga 113. Moga2 125-nya gak jadi >> deh. >> >> Tp koq aneh ya, td Elaine predict/berharap FED tdk cut rate. >> Seandainya saja tidak 'kan bakal bearish. Bukannya Elaine sudah ambil >> BULL SIDE? Masih mau ADD small position? >> >> > > ------------------------------ > Bergabunglah dengan orang-orang yang berwawasan, di bidang Anda di Yahoo! > Answers<http://sg.rd.yahoo.com/mail/id/footer/def/*http://id.answers.yahoo.com/> > >
