ohh yeah mr fed friday night, page-11

frankly, no I don't think it will fall another 300 pts.. the rate cut is significant, and Deep Pockets intervention has been obvious to me most days for the past week or so, with a stretch of about 3 days when he seemed absent.

the way i read this is that the fed cut was too late for some, many hedge funds still need to liquidate because they've gone beyone the point of no return - but really, we're all better off with them out of the game. So we will see selling of the rally, as already evident. But I would be totally surprised if it develops into a new low, and I'm buying the lows (when I can focus on the screen).. 3 big screens and 500000 freakin windows and glazed eyes and drunk head.. ohhhh!