Wednesday, October 31, 2007

A Low-Carb Halloween Treat

  • Why not make it a low-carb Halloween? Hand out 1oz. slices of pork to the kids tonight!  Pork: It's the other Halloween treat!
  • Speaking of low-carb treats, Fed Head Ben Bernanke gave the treat of a rate cut today.   "The decision by the central bank's Federal Open Market Committee to lower the overnight federal funds rate by a quarter-percentage point to 4.5 percent was widely expected in financial markets." 
  • While stocks rallied, the Fed jawboned about inflation threats that so far really haven't existed.  This may cause a pause in future rate cuts, although the Fed seems to have been jawboning about inflation for the past year.  We'll have to see how folks parse that news going foward.
  • The official "favorable season" starts November 1 for the market.  And for those who try to game the begin and end of the favorable cycle, it looks as if the MACD is closing in on crossing over to the upside.  I know you hoped this would happen from lower levels, but it still looks like you'll be buying in near the highs of the bull market.  Sorry Sy.  Sorry Jeff.
  • And, Fantasy Footballers, looks like Ryan Grant gets the #1 job in the "running back by committee" Green Bay Packers offense.  Of course, the committee is getting smaller, as Deshawn Wynn is out for the year.  I picked him up in one league.

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